Medilines Distributors Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 139.32 million compared to PHP 595.01 million a year ago. Net loss was PHP 0.693504 million compared to net income of PHP 52.48 million a year ago. Basic loss per share from continuing operations was PHP 0.01 compared to basic earnings per share from continuing operations of PHP 0.02 a year ago. Diluted loss per share from continuing operations was PHP 0.01 compared to diluted earnings per share from continuing operations of PHP 0.02 a year ago.
For the six months, sales was PHP 234.48 million compared to PHP 854.87 million a year ago. Net income was PHP 4.98 million compared to PHP 80.96 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to PHP 0.03 a year ago. Diluted earnings per share from continuing operations was PHP 0.01 compared to PHP 0.03 a year ago.