AbaCore Capital Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 07:52 pm EST
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AbaCore Capital Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 28.25 million compared to negative revenue of PHP 3.92 million a year ago. Net income was PHP 38.57 million compared to net loss of PHP 20.44 million a year ago. Basic earnings per share from continuing operations was PHP 0.0089 compared to basic loss per share from continuing operations of PHP 0.0048 a year ago. Diluted earnings per share from continuing operations was PHP 0.0089 compared to diluted loss per share from continuing operations of PHP 0.0048 a year ago.
For the nine months, revenue was PHP 47.52 million compared to negative revenue of PHP 4.28 million a year ago. Net income was PHP 27.74 million compared to PHP 66.38 million a year ago. Basic earnings per share from continuing operations was PHP 0.0064 compared to PHP 0.0157 a year ago. Diluted earnings per share from continuing operations was PHP 0.0064 compared to PHP 0.0157 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. 
