Oriental Peninsula Resources Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 10:16 am IST
Share
Oriental Peninsula Resources Group, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was PHP 231.561 million compared to PHP 57.487 million a year ago. Net loss was PHP 3.360 million compared to net income of PHP 19.742 million a year ago. Basic loss per share from continuing operations was PHP 0.001 compared to basic earnings per share from continuing operations of PHP 0.007 a year ago. For the nine months, total revenue was PHP 311.538 million compared to PHP 243.755 million a year ago. Net loss was PHP 180.519 million compared to PHP 334.549 million a year ago. Basic loss per share from continuing operations was PHP 0.063 compared to PHP 0.116 a year ago.
Oriental Peninsula Resources Group, Inc. is a Philippines-based investment holding company. The Company is engaged in the mining and exploration of nickel saprolite and limonite ores. It owns approximately 99% in Citinickel Mines and Development Corp., which has two mining sites located in the municipality of Narra and Sofronio Espanola, both in Palawan is primarily engaged to prospect, explore, locate, acquire, hold, work, develop, lease, operate and exploit mineral lands for chromite, copper, manganese, magnesite, silver, gold, and other mineral products.
ORIENTAL PENINSULA RESOURCES GROUP, INC. 
