Mrc Allied, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 12:49 am EDT
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MRC Allied, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PHP 652,500 compared to PHP 247,595 a year ago. Net loss was PHP 7.039 million compared to PHP 3.799 million a year ago. Basic loss per share from continuing operations was PHP 0.001 compared to PHP 0.001 a year ago. For the half year, sales was PHP 988,375 compared to PHP 402,268 a year ago. Net loss was PHP 11.961 million compared to PHP 11.380 million a year ago. Basic loss per share from continuing operations was PHP 0.001 compared to PHP 0.001 a year ago.
MRC Allied, Inc. is a Philippines-based holding company. The Company, through Menlo Renewable Energy Corporation (MREN), operates 550 kilowatt-power (kWp) solar photovoltaic (PV) rooftop systems for a rice milling plant in Northern Luzon. It has a 15% ownership in Sulu Electric Power and Light (Philippines) Inc., which owns and operates a 50-megawatt solar project located in Palo, Leyte. The principal asset of the Company consists of two land banks. The first is a 160-hectare industrial estate in Naga City, Cebu and the second consists of 700 hectares of raw land in San Isidro Municipality, Leyte, known as Amihan Woodlands Township (AWT). Located thirty-five (35) kilometers away from the Mactan International Airport, the industrial estate in Naga City, known as the New Cebu Township One (NCTO). The Company's subsidiaries include MRC Tampakan Mining Corporation (MRC Tampakan), MRC Surigao Mines, Inc. (MRC Surigao) and Makrubber Corporation (Makrubber).
MRC ALLIED, INC. 
