Apollo Global Capital, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 23, 2020 at 12:07 am
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Apollo Global Capital, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was PHP 5.591 million compared to PHP 2.778 million a year ago. Net loss was PHP 5.589 million compared to PHP 2.301 million a year ago. Basic loss per share from continuing operations was PHP 0.00004 compared to PHP 0.00003 a year ago. For the nine months, operating loss was PHP 10.946 million compared to PHP 7.519 million a year ago. Net loss was PHP 11.108 million compared to PHP 7.270 million a year ago. Basic loss per share from continuing operations was PHP 0.00004 compared to PHP 0.00003 a year ago.
Apollo Global Capital, Inc. is a Philippines-based holding company, which is to invest in, purchase, or otherwise acquire and own, hold, use, sell, assign, transfer, lease, mortgage, guarantee, exchange, develop, or otherwise dispose of real or personal property of every kind and description. The Company, through its subsidiary, JDVC Resources Corporation (JDVC), is engaged in the business of mining. JDVC is focused on exploring, prospecting and operating mines and quarries of all kinds of ores and minerals, metallic and non-metallic, such as nickel, iron, gold, copper, silver, lead, manganese, chromite, molybdenite pyrite, sulfur, silica, kaolin clay, zeolite, perlite, diatomaceous earth, diorite, basalt, gabbro, coal, hydrocarbons, oil and natural gas. The Company is engaged in offshore mining activities in Cagayan.