Marcventures Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 01:42 am
Share
Marcventures Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was PHP 1,161.297 million compared to PHP 177.358 million a year ago. Operating income was PHP 353.156 million compared to operating loss of PHP 115.961 million a year ago. Net income was PHP 261.484 million compared to net loss of PHP 128.265 million a year ago. Basic earnings per share was PHP 0.09 compared to basic loss per share of PHP 0.043 a year ago. For the half year, sales was PHP 1,161.297 million compared to PHP 177.358 million a year ago. Operating income was PHP 239.859 million compared to operating loss of PHP 231.819 million a year ago. Net income was PHP 137.519 million compared to net loss of PHP 258.537 million a year ago. Basic earnings per share was PHP 0.05 compared to basic loss per share of PHP 0.086 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. 
