Alsons Consolidated Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 01:41 am EDT
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Alsons Consolidated Resources, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PHP 2,159.907 million compared to PHP 2,212.025 million a year ago. Net income was PHP 92.875 million compared to PHP 55.077 million a year ago. Basic earnings per share from continuing operations was PHP 0.014 compared to PHP 0.008 a year ago. Diluted earnings per share from continuing operations was PHP 0.0141 compared to PHP 0.0081 a year ago.
Alsons Consolidated Resources, Inc. is a Philippines-based investment holding company. The Companyâs secondary purpose is oil exploration. The Companyâs subsidiaries are engaged in power generation, property development, industrial estate management and other investments. The Company conducts its business activities through two segments: Power and Energy, and Property Development. The Companyâs energy and power operations are located on three different sites. Its subsidiary, Western Mindanao Power Corporation (WMPC), has a power plant on a nine hectares property in Sitio Malasugat, Sangali, Zamboanga City, and its subsidiary, Southern Philippines Power Corporationâs plant is situated on a 16 hectare property located in Alabel, Sarangani Province, which is 13 kilometers east of General Santos City. Property Development segment acquires, develops, sells and holds for investment or otherwise, real estate of all kinds, subleases office spaces and manufactures door and house frames.
ALSONS CONSOLIDATED RESOURCES, INC. 
