Synergy Grid & Development Phils., Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 01:26 am
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Synergy Grid & Development Phils., Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 3.001 million compared to PHP 3.001 million a year ago. Operating income was PHP 1.322 million compared to PHP 1.296 million a year ago. Net income was PHP 1.175 million compared to PHP 1.040 million a year ago. Basic earnings per share was PHP 0.02 compared to PHP 0.02 a year ago. For the half year, total revenue was PHP 22.509 million compared to PHP 6.003 million a year ago. Operating income was PHP 1.778 million compared to PHP 999,042 a year ago. Net income was PHP 1.243 million compared to PHP 689,039 a year ago. Basic earnings per share was PHP 0.03 compared to PHP 0.01 a year ago.
Synergy Grid & Development Phils., Inc. is a Philippines-based holding company. The Company is engaged in general construction and other allied businesses. The Company operates through transmission business segment. It operates transmission services across Luzon, Visayas, and Mindanao. The Company's subsidiaries include OneTaipan Holdings, Inc. (OTHI), Pacifica21 Holdings, Inc. (P21), Monte Oro Grid Resources Corporation (MOGRC), Calaca High Power Corporation (CHPC), and National Grid Corporation of the Philippines (NGCP). The CHPC engages in the general business of operating, managing, maintaining, and rehabilitating energy systems and services from gas, steam, and electricity including related services and business activities. The NGCP operates and maintains a nationwide transmission grid throughout the Philippines to provide open and non-discriminatory access to the transmission system to all authorized electricity distributors and electricity users.
SYNERGY GRID & DEVELOPMENT PHILS., INC. 
