Imperial Resources, Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 07:22 am
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Imperial Resources, Incorporated reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 0.002768 million compared to PHP 0.000339 million a year ago. Net loss was PHP 1.34 million compared to PHP 1.33 million a year ago. Basic loss per share from continuing operations was PHP 0.002 compared to PHP 0.002 a year ago.
For the nine months, revenue was PHP 0.003331 million compared to PHP 0.000778 million a year ago. Net loss was PHP 4.2 million compared to PHP 4.13 million a year ago. Basic loss per share from continuing operations was PHP 0.006 compared to PHP 0.006 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.