A. Soriano Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 11:24 pm EST
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A. Soriano Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 2,311.52 million compared to PHP 3,097.56 million a year ago. Net loss was PHP 228.28 million compared to net income of PHP 1,054.11 million a year ago. Basic loss per share from continuing operations was PHP 0.19 compared to basic earnings per share from continuing operations of PHP 0.86 a year ago. Diluted loss per share from continuing operations was PHP 0.19 compared to diluted earnings per share from continuing operations of PHP 0.86 a year ago.
For the nine months, revenue was PHP 9,242.28 million compared to PHP 8,318.34 million a year ago. Net income was PHP 1,675.19 million compared to PHP 2,225.55 million a year ago. Basic earnings per share from continuing operations was PHP 1.36 compared to PHP 1.81 a year ago. Diluted earnings per share from continuing operations was PHP 1.36 compared to PHP 1.81 a year ago.
A. Soriano Corporation is a Philippines-based holding company with diverse investments. The Companyâs core operating investments include Phelps Dodge Philippines Energy Products Corporation and Seven Seas Resorts and Leisure, Inc. The Company has three segments. Holding company segment pertains to the operations of the Company. Resort operations segment pertains to the Companyâs subsidiary providing hotel and resort accommodation, relaxation and entertainment, among others, while villa development includes the sale of villa lots, construction of structures and setting up of furniture, fixtures and equipment. Cable and Wire Manufacturing segment pertains to the Companyâs subsidiaries engaged in manufacturing, importing, exporting, buying, selling or otherwise dealing in, at wholesale, goods, such as building wires, power cables, aluminum wires and cables, copper rods, automotive wires and other energy-related goods of electrical nature.
A. SORIANO CORPORATION 
