Alsons Consolidated Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023 at 09:05 pm EDT
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Alsons Consolidated Resources, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 3,609.17 million compared to PHP 2,731.02 million a year ago. Revenue was PHP 3,609.17 million compared to PHP 2,731.02 million a year ago. Net income was PHP 255.98 million compared to PHP 90.52 million a year ago. Basic earnings per share from continuing operations was PHP 0.041 compared to PHP 0.014 a year ago. Diluted earnings per share from continuing operations was PHP 0.041 compared to PHP 0.014 a year ago.
For the six months, sales was PHP 6,928.05 million compared to PHP 5,405.71 million a year ago. Revenue was PHP 6,928.05 million compared to PHP 5,405.71 million a year ago. Net income was PHP 346.15 million compared to PHP 180.68 million a year ago. Basic earnings per share from continuing operations was PHP 0.055 compared to PHP 0.028 a year ago. Diluted earnings per share from continuing operations was PHP 0.055 compared to PHP 0.028 a year ago.
Alsons Consolidated Resources, Inc. is a Philippines-based investment holding company. The Companyâs secondary purpose is oil exploration. The Companyâs subsidiaries are engaged in power generation, property development, industrial estate management and other investments. The Company conducts its business activities through two segments: Power and Energy, and Property Development. The Companyâs energy and power operations are located on three different sites. Its subsidiary, Western Mindanao Power Corporation (WMPC), has a power plant on a nine hectares property in Sitio Malasugat, Sangali, Zamboanga City, and its subsidiary, Southern Philippines Power Corporationâs plant is situated on a 16 hectare property located in Alabel, Sarangani Province, which is 13 kilometers east of General Santos City. Property Development segment acquires, develops, sells and holds for investment or otherwise, real estate of all kinds, subleases office spaces and manufactures door and house frames.
ALSONS CONSOLIDATED RESOURCES, INC. 
