F & J Prince Holdings Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 16, 2018 at 06:34 am
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F & J Prince Holdings Corporation announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2018. For the quarter, the company reported total interest income of PHP 7,312,348 compared to PHP 9,353,402 a year ago. Net income was PHP 5,859,533 compared to PHP 114,538,333 a year ago. Net income attributable to stock holders of the company was PHP 5,566,557 or PHP 0.0145 per diluted share compared to PHP 108,811,416 or PHP 0.283 per diluted share a year ago. Net cash provided by operating activities was PHP 8,705,414 compared to PHP 120,449,267 a year ago. Consolidated revenues decreased by 85.7% to PHP 17.8 million compared to PHP 123.8 million a year ago. The lower revenue was doe mainly to unrealized gain from trading securities which totaled PHP 101.2 million in the second quarter of 2017 compared to PHP 1.9 million in the second quarter of 2018.
For the six months, the company reported total interest income of PHP 14,907,868 compared to PHP 17,388,735 a year ago. Net income was PHP 15,365,866 compared to PHP 126,564,892 a year ago. Net income attributable to stock holders of the company was PHP 14,597,471 or PHP 0.038 per diluted share compared to PHP 122,048,419 or PHP 0.320 per diluted share a year ago. Net cash provided by operating activities was PHP 5,113,913 compared to PHP 132,137,843 a year ago. Book value as on June 30, 2018 was PHP 5.06 per share. Gross revenue was PHP 38,810,807 compared to PHP 144,941,812 a year ago.
F & J Prince Holdings Corporation is a Philippines-based holding company. The Companyâs primary purpose is to purchase, subscribe for or otherwise acquire and own, hold, use, sell, assign, transfer, mortgage, pledge, exchange, or otherwise dispose of real and personal property of every kind and description, including, but not limited to, land, building, condominium units, shares of stock, bonds, debentures, notes, evidence of indebtedness, and other securities, contracts or obligations of any corporation, and associations, domestic or foreign. The Company operates mainly in business segment which is investing. The Companyâs subsidiaries include Magellan Capital Holdings Corporation (MCHC), Pinamucan Industrial Estates, Inc. (PIEI), and Malabrigo Corporation (MC), among others. MCHC is a holding company involved in investing in real and personal properties of every kind.
F & J PRINCE HOLDINGS CORPORATION 
