Imperial Resources, Incorporated Reports Earnings Results for the Full Year Ended December 31, 2023
April 29, 2024 at 04:30 am
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Imperial Resources, Incorporated reported earnings results for the full year ended December 31, 2023. For the full year, the company reported revenue was PHP 42.98 million compared to PHP 19.25 million a year ago. Net income was PHP 18.94 million compared to net loss of PHP 4.17 million a year ago.
Basic earnings per share from continuing operations was PHP 0.03 compared to basic loss per share from continuing operations of PHP 0.01 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to diluted loss per share from continuing operations of PHP 0.01 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.