Wellex Industries, Incorporated Announces Unaudited Earnings Results for the Third Quarter and Year to Date Ended September 30, 2018
November 15, 2018 at 12:12 am
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Wellex Industries, Incorporated announced unaudited earnings results for the third quarter and year to date ended September 30, 2018. For the quarter, the company reported rental income of PHP 5,744,560 against PHP 4,456,848 a year ago. Loss from operations was PHP 1,255,901 against PHP 2,147,772 a year ago. Net loss before tax and net loss for the period was PHP 1,174,550 against PHP 2,066,829 a year ago. Earnings per share were PHP 0.0004 against loss of PHP 0.0006 a year ago. Net loss attributable to parent equity holder was PHP 309,962 against PHP 337,065 a year ago.
For the year to date, the company reported rental income of PHP 16,864,477 against PHP 12,353,262 a year ago. Loss from operations was PHP 5,778,007 against PHP 10,939,005 a year ago. Net loss before tax and net loss for the period was PHP 5,534,326 against PHP 10,700,896 a year ago. Loss per share was PHP 0.0017 against PHP 0.0011 a year ago. Net loss attributable to parent equity holder was PHP 1,479,237 against PHP 1,688,681 a year ago.
Wellex Industries Inc. is primarily engaged in the business of mining and exploration. The Company operates through a leasing activity segment on its idle properties as warehouses to third parties. The Company focuses on identifying mining properties with mineral deposits, principally nickel, chromite, gold, and copper. The Company has a presence in the Philippines. The Companyâs wholly owned subsidiary is Plastic City Industrial Corporation.