Top Frontier Investment Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 08:20 am
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Top Frontier Investment Holdings, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 316,756 million compared to PHP 201,157 million a year ago. Net income was PHP 1,991 million compared to PHP 3,621 million a year ago. Basic earnings per share from continuing operations was PHP 4.8 compared to PHP 9.74 a year ago. Diluted earnings per share from continuing operations was PHP 4.8 compared to PHP 9.74 a year ago.
Top Frontier Investment Holdings, Inc. is a Philippines-based holding company. The Company operates through various segments: beverage, which produces and markets alcoholic and non-alcoholic beverages; food, which includes poultry operations, livestock farming, and processing and selling of meat products; packaging, which is involved in the production and marketing of packaging products, such as glass containers and glass molds; energy, which is engaged in power generation, distribution and trading, and coal mining; fuel and oil, which is engaged in refining and marketing of petroleum products; infrastructure, which is engaged in the construction and development of various infrastructure projects, such as airports, toll roads and roads; telecommunications, which is engaged in rendering domestic and international telecommunications services; cement segment, which is primarily engaged in the manufacturing, marketing and distribution of cement products, and real estate and others.