Abacore Capital Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 18, 2020 at 06:53 pm EST
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AbaCore Capital Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced negative total revenue was PHP 4.690 million compared to PHP 15.157 million a year ago. Operating loss was PHP 15.570 million compared to PHP 44.493 million a year ago. Net loss was PHP 16.289 million compared to PHP 32.619 million a year ago. Basic loss per share from continuing operations was PHP 0.0059 compared to PHP 0.0117 a year ago. For the nine months, negative total revenue was PHP 10.040 million compared to total Revenue of PHP 309.825 million a year ago. Operating loss was PHP 47.488 million compared to operating Income of PHP 227.000 million a year ago. Net loss was PHP 36.197 million compared to net income of PHP 231.673 million a year ago. Basic loss per share from continuing operations was PHP 0.013 compared to basic earnings per share from continuing operations of PHP 0.0829 a year ago.
AbaCore Capital Holdings, Inc. is a Philippines-based holding company. The Company has interests in the leasing of gaming equipment, gold and coal mining, real estate and financial services. The Company operates through three segments: holding company, real estate business and financial services. The holding company segment is primarily engaged in purchasing, owning, holding, transferring, or disposing of real property of every kind and description, including shares of stocks and other securities, contracts or obligations of any corporation or association. The real estate segment includes purchases of land for appreciation. The financial services segment is involved in the accumulation of deposits and extension of rural credits to small farmers and tenants and to deserving rural industries or enterprises. The Company holds 102 gold mining claims in Agusan del Sur and Surigao del Sur and seven coal blocks, each containing 1,000 hectares, located in Surigao del Sur.
ABACORE CAPITAL HOLDINGS, INC. 
