Philex Mining Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 2,105.36 million compared to PHP 2,528.19 million a year ago. Net income was PHP 389.57 million compared to PHP 690.39 million a year ago.

Basic earnings per share from continuing operations was PHP 0.067 compared to PHP 0.14 a year ago. Diluted earnings per share from continuing operations was PHP 0.067 compared to PHP 0.14 a year ago.