SOCResources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 23, 2022 at 08:09 am IST
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SOCResources, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was PHP 7.16 million compared to PHP 0.957685 million a year ago. Net income was PHP 4.9 million compared to PHP 2.27 million a year ago. Basic earnings per share from continuing operations was PHP 0.0054 compared to PHP 0.0025 a year ago. Diluted earnings per share from continuing operations was PHP 0.0054 compared to PHP 0.0025 a year ago.
For the six months, revenue was PHP 6.7 million compared to PHP 2.08 million a year ago. Net income was PHP 0.062856 million compared to PHP 10.92 million a year ago. Basic earnings per share from continuing operations was PHP 0.0001 compared to PHP 0.0121 a year ago. Diluted earnings per share from continuing operations was PHP 0.0001 compared to PHP 0.0121 a year ago.
SOCResources, Inc. is a Philippines-based holding company. The Company is primarily engaged in oil exploration. It has investments in real estate, steel fabrication, banking, telecommunications and energy exploration. The Company is engaged in various construction-related contracts for the Anala, Azalea and Althea Projects. The Company operates through two segments: real estate development and investment. The real estate development segment is engaged in the real estate business. The investment segment pertains to the activities of the Company as a holding entity. The Company has two subsidiaries, SOC Land Development Corporation (SOC Land), and SOCBluemoon, Inc. (SOCBluemoon).
SOCRESOURCES, INC. 
