SOCResources, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
May 13, 2022 at 03:49 am
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SOCResources, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported revenue was PHP 9.4 million compared to PHP 21.87 million a year ago. Net income was PHP 23.28 million compared to net loss of PHP 7.94 million a year ago. Basic earnings per share from continuing operations was PHP 0.0258 compared to basic loss per share from continuing operations of PHP 0.0088 a year ago.
SOCResources, Inc. is a Philippines-based holding company. The Company is primarily engaged in oil exploration. It has investments in real estate, steel fabrication, banking, telecommunications and energy exploration. The Company is engaged in various construction-related contracts for the Anala, Azalea and Althea Projects. The Company operates through two segments: real estate development and investment. The real estate development segment is engaged in the real estate business. The investment segment pertains to the activities of the Company as a holding entity. The Company has two subsidiaries, SOC Land Development Corporation (SOC Land), and SOCBluemoon, Inc. (SOCBluemoon).
SOCRESOURCES, INC. 
