Ipeople, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 01:29 am
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iPeople, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net income was PHP 62.668 million compared to PHP 197.190 million a year ago. Basic earnings per share from continuing operations was PHP 0.06 compared to PHP 0.2252 a year ago. Diluted earnings per share from continuing operations was PHP 0.06 compared to PHP 0.225 a year ago. For the nine months, net income was PHP 113.479 million compared to PHP 137.487 million a year ago. Basic earnings per share from continuing operations was PHP 0.109 compared to PHP 0.155 a year ago.
iPeople, inc. is a holding and management company. The Companyâs main operating subsidiaries are the Malayan Education System, Inc. (Mapua University), National Teachers College (NTC), University of Nueva Caceres (UNC) and Affordable Private Education Center, Inc. (APEC). Mapua University also has three main wholly owned subsidiaries, including Malayan Colleges Laguna, Inc. (MCL), Malayan High School of Science, Inc. (MHSS) and Malayan Colleges Mindanao, Inc. (MCM). Malayan Colleges Laguna, Inc. is located in Cabuyao, Laguna and established to extend the brand of the Mapua Institute of Technology to the south by offering programs in engineering, computer science, information technology, business, accountancy, and hotel and restaurant management to students who prefer to stay closer to home. MHSS is a science-and math-oriented high school located in Pandacan, Manila. Malayan Colleges Mindanao, Inc. offers Mapua-education in Davao and Mindanao.
IPEOPLE, INC. 
