Mrc Allied, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 18, 2020 at 12:44 am
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MRC Allied, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net loss was PHP 3.799 million compared to PHP 11.712 million a year ago. Basic loss per share was PHP 0.001 compared to PHP 0.001 a year ago. For the half year, sales was PHP 402,268. Net loss was PHP 11.380 million compared to PHP 19.541 million a year ago. Basic loss per share was PHP 0.001 compared to PHP 0.001 a year ago.
MRC Allied, Inc. is a Philippines-based holding company. The Company, through Menlo Renewable Energy Corporation (MREN), operates 550 kilowatt-power (kWp) solar photovoltaic (PV) rooftop systems for a rice milling plant in Northern Luzon. It has a 15% ownership in Sulu Electric Power and Light (Philippines) Inc., which owns and operates a 50-megawatt solar project located in Palo, Leyte. The principal asset of the Company consists of two land banks. The first is a 160-hectare industrial estate in Naga City, Cebu and the second consists of 700 hectares of raw land in San Isidro Municipality, Leyte, known as Amihan Woodlands Township (AWT). Located thirty-five (35) kilometers away from the Mactan International Airport, the industrial estate in Naga City, known as the New Cebu Township One (NCTO). The Company's subsidiaries include MRC Tampakan Mining Corporation (MRC Tampakan), MRC Surigao Mines, Inc. (MRC Surigao) and Makrubber Corporation (Makrubber).
MRC ALLIED, INC. 
