Ever-Gotesco Resources and Holdings, Inc. Reports Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
July 18, 2018 at 12:57 am
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Ever-Gotesco Resources and Holdings, Inc. reported unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2018. For the quarter, on consolidated basis, the company reported revenue of nil against PHP 56,657,683 last year. Loss from operations was PHP 523,607 against income from operations of PHP 51,749,757 last year. Loss before income tax was PHP 523,608 against income before income tax of PHP 51,853,683 last year. Net loss was PHP 523,608 against net income of PHP 51,853,683 last year. Basic loss per share was PHP 0.0001 against basic income per share of PHP 0.0140 a year ago. Net cash used in operating activities was PHP 49,101 against net cash provided by operating activities of PHP 80,317 a year ago.
For the six months, on consolidated basis, the company reported revenue of nil against PHP 143,216,068 last year. Loss from operations was PHP 2,331,446 against income from operations of PHP 69,368,801 last year. Loss before income tax was PHP 2,331,446 against income before income tax of PHP 69,432,612 last year. Net loss was PHP 2,331,446 against net income of PHP 69,432,612 last year. Basic loss per share was PHP 0.0005 against basic income per share of PHP 0.0139 a year ago. Net cash used in operating activities was PHP 49,099 against net cash provided by operating activities of PHP 158,421 a year ago.
For the quarter, on parent basis, the company reported revenue of nil against PHP 56,657,683 last year. Loss from operations was PHP 523,607 against income from operations of PHP 51,859,295 last year. Loss before income tax was PHP 523,607 against income before income tax of PHP 51,963,221 last year. Net loss was PHP 523,607 against net income of PHP 51,963,221 last year. Basic loss per share was PHP 0.0001 against basic income per share of PHP 0.0104 a year ago. Net cash used in operating activities was PHP 232,761 against net cash provided by operating activities of PHP 60,654 a year ago.
For the six months, on parent basis, the company reported revenue of nil against PHP 143,216,068 last year. Loss from operations was PHP 2,331,446 against income from operations of PHP 69,478,339 last year. Loss before income tax was PHP 2,331,446 against income before income tax of PHP 69,542,150 last year. Net loss was PHP 2,331,446 against net income of PHP 69,542,150 last year. Basic loss per share was PHP 0.0005 against basic income per share of PHP 0.0139 a year ago. Net cash used in operating activities was PHP 49,101 against net cash provided by operating activities of PHP 158,420 a year ago.
Ever-Gotesco Resources and Holdings, Inc. is engaged in the business of building shopping malls and leasing out to commercial tenants. The Company's malls are primarily leased out to Ever Department Store and Supermarket, Cinemas, banks, amusement centers, food shops, specialty stores, boutiques, drug store, service shops, gym and sporting facilities. The Company has approximately two operational malls, such as Ever Gotesco Commonwealth Center (EGCC) and Ever Gotesco Manila Plaza (EGMP). EGCC is located on a five-hectare lot being leased at the corner of Don Mariano Marcos and Commonwealth Avenues, Old Balara Quezon City. EGMP is a four-level commercial-cinema complex covering a total floor area of approximately 16,377.2 square meters. The Company, through its subsidiary Gotesco Tyan Ming Development, Inc. (GTMDI), owns the Ever Gotesco Ortigas Complex.
Ever-Gotesco Resources and Holdings, Inc. Reports Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
EVERWOODS GREEN RESOURCES AND HOLDINGS, INC. 
