Millennium Global Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 19, 2019 at 01:06 am
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Millennium Global Holdings, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was PHP 270.388 million compared to PHP 392.717 million a year ago. Operating income was PHP 155,083 compared to PHP 7.289 million a year ago. Net income was PHP 176,263 compared to PHP 1.139 million a year ago. For the half year, total revenue was PHP 549.743 million compared to PHP 716.055 million a year ago. Operating income was PHP 13.207 million compared to PHP 14.007 million a year ago. Net income was PHP 1.573 million compared to PHP 2.483 million a year ago.
Millennium Global Holdings, Inc. is a Philippines-based holding company. The Company operates through its subsidiaries, Millennium Ocean Star Company (MOSC) and Cebu Canning Corporation (C3). MOSC is primarily engaged in the processing of seafood and aquaculture products for export and trading of imported marine and other related products. Its key business activity is the processing and export of seafood products, such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, and others. MOSC also imports salmon, mackerel scad, scallops, shrimps for the local market, supplying supermarkets, groceries, food processors, hotels, and restaurants nationwide. C3 is a domestic company engaged in the business of manufacturing, processing, and dealing in pasteurized canned crabmeat, frozen marine products, and other food products for export purposes. The raw crab meat, which is the main material used in the business is locally sourced by C3.
MILLENNIUM GLOBAL HOLDINGS, INC. 