Philippine Seven Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 01:32 am EDT
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Philippine Seven Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 15,676.06 million compared to PHP 10,637.19 million a year ago. Revenue was PHP 15,776.48 million compared to PHP 10,674.25 million a year ago. Net income was PHP 691.28 million compared to net loss of PHP 103.24 million a year ago. Basic earnings per share from continuing operations was PHP 0.91 compared to basic loss per share from continuing operations of PHP 0.14 a year ago. Diluted earnings per share from continuing operations was PHP 0.91 compared to diluted loss per share from continuing operations of PHP 0.14 a year ago.
For the six months, sales was PHP 28,456.31 million compared to PHP 21,181.58 million a year ago. Revenue was PHP 28,630.02 million compared to PHP 21,270.59 million a year ago. Net income was PHP 890.41 million compared to net loss of PHP 402.9 million a year ago. Basic earnings per share from continuing operations was PHP 1.18 compared to basic loss per share from continuing operations of PHP 0.53 a year ago. Diluted earnings per share from continuing operations was PHP 1.18 compared to diluted loss per share from continuing operations of PHP 0.53 a year ago.
Philippine Seven Corporation is a Philippines-based company, which operates 7-Eleven stores. The Company is primarily engaged in the business of retailing, merchandising, buying, selling, marketing, importing, exporting, franchising, acquiring, holding, distributing, warehousing, trading, exchanging or otherwise dealing in all kinds of grocery items, dry goods, food or foodstuff, beverages, drinks and all kinds of consumer needs or requirements and in connection therewith, operating or maintaining warehouses, storages, delivery vehicles and similar or incidental facilities. It is also engaged in the management, development, sale, exchange, and holding for investment or otherwise of real estate of all kinds, including buildings, houses and apartments and other structures. It sells its developed or own branded products or services under various trademarks, including Big Time Meals, Busog Meals, Chef Creations, Crunch Time, Hottarice and others.
PHILIPPINE SEVEN CORPORATION 
