PHINMA Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 22.44 million compared to PHP 19.52 million a year ago. Revenue was PHP 4,103.8 million compared to PHP 4,137.84 million a year ago. Net loss was PHP 18.61 million compared to net income of PHP 114.78 million a year ago. Basic loss per share from continuing operations was PHP 0.06 compared to basic earnings per share from continuing operations of PHP 0.42 a year ago. Diluted loss per share from continuing operations was PHP 0.06 compared to diluted earnings per share from continuing operations of PHP 0.42 a year ago.
For the six months, sales was PHP 42.09 million compared to PHP 36.96 million a year ago. Revenue was PHP 8,886.93 million compared to PHP 8,631.85 million a year ago. Net income was PHP 208.76 million compared to PHP 406.83 million a year ago. Basic earnings per share from continuing operations was PHP 0.73 compared to PHP 1.5 a year ago. Diluted earnings per share from continuing operations was PHP 0.73 compared to PHP 1.5 a year ago.