Nihao Mineral Resources International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 25, 2019 at 08:05 am IST
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NiHAO Mineral Resources International, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced operating loss was PHP 506,632 compared to PHP 471,981 a year ago. Net loss was PHP 505,802 compared to PHP 470,163 a year ago. Basic loss per share was PHP 0.001 compared to Basic EPS of PHP 0 a year ago. Basic loss per share from continuing operations was PHP 0.001 compared to Basic EPS - Continuing Operations of PHP 0 a year ago. For the nine months, operating loss was PHP 2.015 million compared to PHP 2.424 million a year ago. Net loss was PHP 1.972 million compared to PHP 2.397 million a year ago. Basic loss per share was PHP 0.002 compared to PHP 0.002 a year ago.
NiHAO Mineral Resources International, Inc. is a Philippines-based mining company. The Companyâs primary purpose is to carry on the business of mining, milling, concentrating, converting, smelting, preparing for market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in nickel, chromite, and other kinds of ores, metal, minerals, and by-products. It has three mining claims located in the provinces of Zambales, Misamis Oriental and Masbate. Its Botolan Mining Claim has an approved MPSA (no. 315-2010-III) that covers approximately 5,081 hectares located in the town of Botolan, Zambales. Its subsidiary, Bountiful Geomines Inc. (BGI), has an exploration permit (EP) application with the MGB covering the Manticao Mining Claim, approximately 1,946 hectares located in Manticao, Misamis Oriental. Masbate13 Philippines, Inc. (Masbate13), one of the Companyâs subsidiaries through Oregalore, Inc. (OI), has an EP, denominated as EP-V-2008-05.
NIHAO MINERAL RESOURCES INTERNATIONAL, INC. 
