Millennium Global Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 20, 2021 at 07:37 am IST
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Millennium Global Holdings, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PHP 198.419 million compared to PHP 134.023 million a year ago. Operating income was PHP 14.108 million compared to operating loss of PHP 573,521 a year ago. Net loss was PHP 396,845 compared to PHP 4.052 million a year ago. For the half year, sales was PHP 423.558 million compared to PHP 367.872 million a year ago. Operating income was PHP 22.492 million compared to PHP 10.988 million a year ago. Net loss was PHP 2.070 million compared to PHP 2.251 million a year ago.
Millennium Global Holdings, Inc. is a Philippines-based holding company. The Company operates through its subsidiaries, Millennium Ocean Star Company (MOSC) and Cebu Canning Corporation (C3). MOSC is primarily engaged in the processing of seafood and aquaculture products for export and trading of imported marine and other related products. Its key business activity is the processing and export of seafood products, such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, and others. MOSC also imports salmon, mackerel scad, scallops, shrimps for the local market, supplying supermarkets, groceries, food processors, hotels, and restaurants nationwide. C3 is a domestic company engaged in the business of manufacturing, processing, and dealing in pasteurized canned crabmeat, frozen marine products, and other food products for export purposes. The raw crab meat, which is the main material used in the business is locally sourced by C3.
MILLENNIUM GLOBAL HOLDINGS, INC. 
