Top Frontier Investment Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:08 pm EDT
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Top Frontier Investment Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 338,494 million compared to PHP 394,645 million a year ago. Net loss was PHP 6,026 million compared to PHP 8,486 million a year ago. Basic loss per share from continuing operations was PHP 21.79 compared to PHP 26.91 a year ago. Diluted loss per share from continuing operations was PHP 21.79 compared to PHP 26.91 a year ago.
For the six months, sales was PHP 685,210 million compared to PHP 711,401 million a year ago. Net income was PHP 334 million compared to net loss of PHP 6,495 million a year ago. Basic loss per share from continuing operations was PHP 6.22 compared to PHP 22.11 a year ago. Diluted loss per share from continuing operations was PHP 6.22 compared to PHP 22.11 a year ago.
Top Frontier Investment Holdings, Inc. is a Philippines-based holding company. The Company operates through various segments: beverage, which produces and markets alcoholic and non-alcoholic beverages; food, which includes poultry operations, livestock farming, and processing and selling of meat products; packaging, which is involved in the production and marketing of packaging products, such as glass containers and glass molds; energy, which is engaged in power generation, distribution and trading, and coal mining; fuel and oil, which is engaged in refining and marketing of petroleum products; infrastructure, which is engaged in the construction and development of various infrastructure projects, such as airports, toll roads and roads; telecommunications, which is engaged in rendering domestic and international telecommunications services; cement segment, which is primarily engaged in the manufacturing, marketing and distribution of cement products, and real estate and others.
TOP FRONTIER INVESTMENT HOLDINGS, INC. 