PhilWeb Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 93.7 million compared to PHP 112.87 million a year ago. Revenue was PHP 200.95 million compared to PHP 209.47 million a year ago. Net loss was PHP 2.93 million compared to net income of PHP 5.9 million a year ago. Basic loss per share from continuing operations was PHP 0.002 compared to basic earnings per share from continuing operations of PHP 0.005 a year ago. Diluted loss per share from continuing operations was PHP 0.002 compared to diluted earnings per share from continuing operations of PHP 0.005 a year ago.
For the nine months, sales was PHP 287.08 million compared to PHP 314.69 million a year ago. Revenue was PHP 604.59 million compared to PHP 594.65 million a year ago. Net loss was PHP 13.64 million compared to net income of PHP 23.53 million a year ago. Basic loss per share from continuing operations was PHP 0.011 compared to basic earnings per share from continuing operations of PHP 0.018 a year ago. Diluted loss per share from continuing operations was PHP 0.011 compared to diluted earnings per share from continuing operations of PHP 0.018 a year ago.