Atok-Big Wedge Co., Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 11, 2019 at 07:41 pm EST
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Atok-Big Wedge Co., Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced net loss was PHP 100,163 compared to net income of PHP 457,593 a year ago. Basic eps was PHP 0 compared to PHP 0.0002 a year ago. For the nine months, net loss was PHP 2.171 million compared to PHP 1.321 million a year ago. Basic loss per share was PHP 0.0009 compared to PHP 0.0005 a year ago.
Atok-Big Wedge Co., Inc. is a Philippines-based company, which is engaged in the business of exploration and development of mining, oil, gas, and natural resources. The Company operates through two segments: Mining, Exploration and Development, and Stock Transfer Agency. Its subsidiaries include AB Stock Transfer Corporation (ABSTC) and Tidemark Holdings Limited. Its ABSTC is engaged in establishing, operating, and acting as transfer agent and/or registrar of corporations. Tidemark Holdings Limited owns an approximately 20% interest in Forum Energy Ltd. Forum Energy Ltd is a gas & oil exploration and production company with a portfolio of projects in the Philippines. Among these projects is Service Contract No. (SC) 72 where Forum holds 70% equity.