Forum Pacific, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 06:36 am
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Forum Pacific, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net loss was PHP 367,430 compared to PHP 328,203 a year ago. Basic loss per share was PHP 0.0003 compared to PHP 0.0003 a year ago. For the nine months, net loss was PHP 1.226 million compared to PHP 1.832 million a year ago. Basic loss per share was PHP 0.001 compared to PHP 0.0016 a year ago.
Forum Pacific, Inc. is a Philippines-based company engaged in scientific and geological research into energy (geothermal and coal), oil, and natural gas. The Company is engaged in investing, purchasing and acquiring assets of any kind and is also engaged in the exploration, development and production of petroleum and related products as well as other mineral and chemical substances. The Company is also considering investing in potential renewable energy sources like solar power, ethane, biofuels, hydro, wind, and geothermal energy.