Abacore Capital Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
June 10, 2021 at 09:56 pm EDT
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AbaCore Capital Holdings, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PHP 112,819 compared to PHP 1.042 million a year ago. Operating loss was PHP 12.794 million compared to PHP 8.270 million a year ago. Net income was PHP 74.795 million compared to PHP 2.519 million a year ago. Basic earnings per share from continuing operations was PHP 0.0244 compared to PHP 0.0009 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. 
