Axelum Resources Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 1,458.17 million compared to PHP 1,937.1 million a year ago. Net loss was PHP 302.03 million compared to net income of PHP 296.43 million a year ago. Basic loss per share from continuing operations was PHP 0.08 compared to basic earnings per share from continuing operations of PHP 0.08 a year ago. Diluted loss per share from continuing operations was PHP 0.08 compared to diluted earnings per share from continuing operations of PHP 0.08 a year ago.
For the nine months, sales was PHP 4,276.85 million compared to PHP 5,312.47 million a year ago. Net loss was PHP 428 million compared to net income of PHP 717.28 million a year ago. Basic loss per share from continuing operations was PHP 0.11 compared to basic earnings per share from continuing operations of PHP 0.19 a year ago. Diluted loss per share from continuing operations was PHP 0.11 compared to diluted earnings per share from continuing operations of PHP 0.19 a year ago.