IPM Holdings, Inc. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2017
April 30, 2018 at 02:31 am
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IPM Holdings, Inc. announced audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported revenue and other income of PHP 296,652,276 against PHP 357,684,098 a year ago. Income before income tax was PHP 129,153,597 against PHP 137,622,654 a year ago. Net income was PHP 87,128,566 against PHP 94,274,997 a year ago. Net income attributable to equity holders of the parent was PHP 64,604,620 or PHP 0.09 per share against PHP 69,835,173 or PHP 0.10 per share a year ago. Net cash provided by operating activities was PHP 2,715,177 against net cash used in operating activities of PHP 71,582,296 a year ago. Acquisitions of property and equipment were PHP 1,446,371 compared to PHP 179,583 a year ago. As at December 31, 2017 book Value per share was PHP 1.53 against PHP 1.4 a year ago.
IPM Holdings, Inc. is a Philippines-based company. The Company is engaged in the business of investment to own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or otherwise dispose of real and personal property of every kind and description, and to manage any business, joint venture, firm partnership, corporation, institution or entity or otherwise act as holding or management corporation thereof. The Companyâs subsidiary, Basic Environmental Systems and Technologies, Inc. (BEST), is engaged in a contracting and consulting business for waste management, cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Company operates through two segments: investment holding and service.
IPM HOLDINGS, INC. 
