APC Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019
May 14, 2019 at 08:11 pm EDT
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APC Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported non operating income of PHP 1,591,202 against PHP 1,196,108 a year ago. Net loss attributable to equity holders of the parent company was PHP 914,698 against PHP 1,475,785 a year ago. Total comprehensive loss was PHP 604,611 against PHP 3,195,056 a year ago. Basic loss per common share was PHP 0.000123 against PHP 0.000197 a year ago.
APC Group, Inc. is a Philippines-based holding company. The Company has investments in energy-related projects, mining and a cement project. The Companyâs subsidiaries include Aragorn Power and Energy Corporation, APC Energy Resources, Inc., APC Mining Corporation, APC Cement Corporation and Energy Resources Inc. (PRC-Magma). Aragorn Power and Energy Corporation is a pre-operating stage company, which is engaged in energy resource exploration and development. APC Energy Resources, Inc. is a pre-operating stage company, which explores, develops and utilizes renewable energy resources. APC Mining Corporation is engaged in energy and cement projects. APC Cement Corporation is established to engage in the manufacture of cement. PRC-Magma is a pre-operating stage company, which is engaged in the business of exploration, development and processing of renewable and non-renewable energy resources.