SOCResources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 23, 2021 at 02:30 am
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SOCResources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was PHP 62.54 million compared to PHP 16.96 million a year ago. Net income was PHP 12.26 million compared to net loss of PHP 0.731128 million a year ago. Basic earnings per share from continuing operations was PHP 0.0136. Diluted earnings per share from continuing operations was PHP 0.0136.
For the nine months, revenue was PHP 168.79 million compared to PHP 34.16 million a year ago. Net income was PHP 23.18 million compared to net loss of PHP 11.44 million a year ago. Basic earnings per share from continuing operations was PHP 0.0257 compared to basic loss per share from continuing operations of PHP 0.0127 a year ago. Diluted earnings per share from continuing operations was PHP 0.0257 compared to diluted loss per share from continuing operations of PHP 0.0127 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. 
