IPM Holdings, Inc. Reports Unaudited Consolidated and Parent Company Earnings Results for the First Quarter Ended March 31, 2018
May 16, 2018 at 12:19 am
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IPM Holdings, Inc. reported unaudited consolidated and parent company earnings results for the first quarter ended March 31, 2018. For the quarter, on consolidated basis, the company reported revenue and other income of PHP 43,960,415 against PHP 94,748,421 a year ago. Income before income tax was PHP 21,094,750 against PHP 31,307,586 a year ago. Net income was PHP 14,695,389 against PHP 21,710,025 a year ago. Net income attributable to equity holders of the parent was PHP 10,893,976 or PHP 0.016 per share against PHP 16,111,487 or PHP 0.023 per share a year ago. Net cash generated from operations was PHP 3,133 against net cash used in operating activities of PHP 760,433 a year ago.
For the quarter, the parent company reported loss before income tax of PHP 510,216 against PHP 684,059 a year ago. Net loss was PHP 510,266 against PHP 684,126 a year ago. Net cash used in operating activities was PHP 826,090 against net cash flow from operating activities of PHP 292,391 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. 
