Marcventures Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 06:20 pm EST
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Marcventures Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 1,082.21 million compared to PHP 2,551.47 million a year ago. Net income was PHP 157.76 million compared to PHP 956.62 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to PHP 0.32 a year ago. Diluted earnings per share from continuing operations was PHP 0.05 compared to PHP 0.32 a year ago.
For the nine months, sales was PHP 2,282.16 million compared to PHP 2,737.27 million a year ago. Net income was PHP 370.06 million compared to PHP 790.31 million a year ago. Basic earnings per share from continuing operations was PHP 0.12 compared to PHP 0.26 a year ago. Diluted earnings per share from continuing operations was PHP 0.12 compared to PHP 0.26 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. 
