Wellex Industries, Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 16, 2021 at 12:27 pm IST
Share
Wellex Industries, Incorporated reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 4.94 million compared to PHP 8.63 million a year ago. Net loss was PHP 2.13 million compared to PHP 0.91005 million a year ago. Basic loss per share from continuing operations was PHP 0.0007 compared to PHP 0.0003 a year ago.
For the nine months, sales was PHP 19.07 million compared to PHP 22.23 million a year ago. Net loss was PHP 7.05 million compared to PHP 3.06 million a year ago. Basic loss per share from continuing operations was PHP 0.0022 compared to PHP 0.0009 a year ago.
Wellex Industries Inc. is primarily engaged in the business of mining and exploration. The Company operates through a leasing activity segment on its idle properties as warehouses to third parties. The Company focuses on identifying mining properties with mineral deposits, principally nickel, chromite, gold, and copper. The Company has a presence in the Philippines. The Companyâs wholly owned subsidiary is Plastic City Industrial Corporation.