Axelum Resources Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 1,457.64 million compared to PHP 1,706.52 million a year ago. Net loss was PHP 56.7 million compared to net income of PHP 238.91 million a year ago. Basic loss per share from continuing operations was PHP 0.01 compared to basic earnings per share from continuing operations of PHP 0.06 a year ago. Diluted loss per share from continuing operations was PHP 0.01 compared to diluted earnings per share from continuing operations of PHP 0.06 a year ago.
For the six months, sales was PHP 2,818.69 million compared to PHP 3,375.37 million a year ago. Net loss was PHP 125.97 million compared to net income of PHP 420.85 million a year ago. Basic loss per share from continuing operations was PHP 0.03 compared to basic earnings per share from continuing operations of PHP 0.11 a year ago. Diluted loss per share from continuing operations was PHP 0.03 compared to diluted earnings per share from continuing operations of PHP 0.11 a year ago.