Marcventures Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
July 01, 2020 at 10:47 am
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Marcventures Holdings, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced operating loss was PHP 113.296 million compared to PHP 115.858 million a year ago. Net loss was PHP 123.964 million compared to PHP 130.271 million a year ago. Basic loss per share was PHP 0.041 compared to PHP 0.043 a year ago.
Marcventures Holdings, Inc. is a Philippines-based holding company. The Companyâs subsidiaries include Marcventures Mining & Development Corporation (MMDC), BrightGreen Resources Corp. (BRC), Alumina Mining Philippines Inc. (AMPI) and Bauxite Resources Inc. (BARI). MMDC operates a nickel in the Municipalities of Cantilan, Carrascal and Madrid in the Province of Surigao del Sur, covering an area of approximately 4,799 hectares (ha). BRC is an exploration-stage company, which holds MPSA No. 015-93-XIII, covering approximately 4,860 ha of the Municipalities of Carrascal and Cantilan in the Province of Surigao del Sur. AMPI holds MPSA No. 179-2002 VIII (SBMR) with an area of 6,694 ha located in Motiong, San Juan De Buan and Paranas, Province of Samar. BARI holds MPSA No. 180-2002 VIII (SBMR) with an area of 5,519.01 ha located in Gandara, San Jorge and San Juan De Buan, Province of Samar. The primary mineral in AMPI and BARI is bauxite, the main raw material of aluminum.
MARCVENTURES HOLDINGS, INC. 
