Socresources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 20, 2020 at 07:33 am IST
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SOCResources, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 8.993 million compared to PHP 54.069 million a year ago. Net loss was PHP 2.825 million compared to net income of PHP 3.114 million a year ago. Basic loss per share was PHP 0.0047 compared to basic earnings per share of PHP 0.0052 a year ago. For the half year, total revenue was PHP 17.194 million compared to PHP 75.960 million a year ago. Net loss was PHP 10.711 million compared to PHP 76,619 a year ago. Basic loss per share was PHP 0.0178 compared to PHP 0.0001 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. 
