AbaCore Capital Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 08:28 pm EST
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AbaCore Capital Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was PHP 96.66 million compared to PHP 27.56 million a year ago. Net income was PHP 75.27 million compared to PHP 38.57 million a year ago. Basic earnings per share from continuing operations was PHP 0.0174 compared to PHP 0.0089 a year ago.
For the nine months, revenue was PHP 451.24 million compared to PHP 427.66 million a year ago. Net income was PHP 387.16 million compared to PHP 27.74 million a year ago. Basic earnings per share from continuing operations was PHP 0.0896 compared to PHP 0.0064 a year ago.
AbaCore Capital Holdings, Inc. is a Philippines-based holding company. The Company has interests in the leasing of gaming equipment, gold and coal mining, real estate and financial services. The Company operates through three segments: holding company, real estate business and financial services. The holding company segment is primarily engaged in purchasing, owning, holding, transferring, or disposing of real property of every kind and description, including shares of stocks and other securities, contracts or obligations of any corporation or association. The real estate segment includes purchases of land for appreciation. The financial services segment is involved in the accumulation of deposits and extension of rural credits to small farmers and tenants and to deserving rural industries or enterprises. The Company holds 102 gold mining claims in Agusan del Sur and Surigao del Sur and seven coal blocks, each containing 1,000 hectares, located in Surigao del Sur.
ABACORE CAPITAL HOLDINGS, INC. 
