Socresources, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 05:18 am IST
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SOCResources, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced net loss was PHP 11.346 million compared to PHP 2.420 million a year ago. Basic loss per share from continuing operations was PHP 0.004 compared to PHP 0.004 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. 
