Imperial Resources, Incorporated Reports Earnings Results for the Full Year Ended December 31, 2022
May 03, 2023 at 12:18 am
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Imperial Resources, Incorporated reported earnings results for the full year ended December 31, 2022. For the full year, the company reported revenue was PHP 19.25 million compared to PHP 40.13 million a year ago. Net loss was PHP 4.17 million compared to net income of PHP 33.51 million a year ago.
Basic loss per share from continuing operations was PHP 0.01 compared to basic earnings per share from continuing operations of PHP 0.05 a year ago. Diluted loss per share from continuing operations was PHP 0.01 compared to diluted earnings per share from continuing operations of PHP 0.05 a year ago.
Imperial Resources, Inc. is a Philippines-based company, which is in the exploration and evaluation stages of mineral resources. The Company is engaged in the exploration, exploitation, development and operation of the mining concessions in Indonesia. The primary purpose of the Company is to carry on the business of operating coal mines, and of prospecting, exploration and of mining, milling, concentrating, converting, smelting, treating, refining, preparing for market, manufacturing, buying, selling, exchanging, and producing, and dealing in all kinds of ores, metals and minerals, asphalt-bitumen, hydrocarbons, acids and chemicals, and in the products and by-products. The Company operates through a single segment, mining business.