Wellex Industries, Incorporated reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 6.84 million compared to PHP 4.87 million a year ago. Net income was PHP 0.359641 million compared to net loss of PHP 1.13 million a year ago. Basic earnings per share from continuing operations was PHP 0.0001 compared to basic loss per share from continuing operations of PHP 0.0003 a year ago.
For the nine months, sales was PHP 17.58 million compared to PHP 14.81 million a year ago. Net loss was PHP 4.21 million compared to PHP 7.1 million a year ago. Basic loss per share from continuing operations was PHP 0.0013 compared to PHP 0.0022 a year ago.