Marcventures Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 10:02 pm EDT
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Marcventures Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 1,166.67 million compared to PHP 299.85 million a year ago. Net income was PHP 274.42 million compared to net loss of PHP 50.65 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to basic loss per share from continuing operations of PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.09 compared to diluted loss per share from continuing operations of PHP 0.02 a year ago.
For the six months, sales was PHP 1,242.67 million compared to PHP 287.86 million a year ago. Net income was PHP 212.3 million compared to net loss of PHP 166.31 million a year ago. Basic earnings per share from continuing operations was PHP 0.07 compared to basic loss per share from continuing operations of PHP 0.06 a year ago. Diluted earnings per share from continuing operations was PHP 0.07 compared to diluted loss per share from continuing operations of PHP 0.06 a year ago.
Marcventures Holdings, Inc. is a Philippines-based holding company. The Companyâs subsidiaries include Marcventures Mining & Development Corporation (MMDC), BrightGreen Resources Corp. (BRC), Alumina Mining Philippines Inc. (AMPI) and Bauxite Resources Inc. (BARI). MMDC operates a nickel in the Municipalities of Cantilan, Carrascal and Madrid in the Province of Surigao del Sur, covering an area of approximately 4,799 hectares (ha). BRC is an exploration-stage company, which holds MPSA No. 015-93-XIII, covering approximately 4,860 ha of the Municipalities of Carrascal and Cantilan in the Province of Surigao del Sur. AMPI holds MPSA No. 179-2002 VIII (SBMR) with an area of 6,694 ha located in Motiong, San Juan De Buan and Paranas, Province of Samar. BARI holds MPSA No. 180-2002 VIII (SBMR) with an area of 5,519.01 ha located in Gandara, San Jorge and San Juan De Buan, Province of Samar. The primary mineral in AMPI and BARI is bauxite, the main raw material of aluminum.
MARCVENTURES HOLDINGS, INC. 
