Axelum Resources Corp. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 1,361.05 million compared to PHP 1,668.86 million a year ago.

Net loss was PHP 69.26 million compared to net income of PHP 181.93 million a year ago. Basic loss per share from continuing operations was PHP 0.02 compared to basic earnings per share from continuing operations of PHP 0.05 a year ago. Diluted loss per share from continuing operations was PHP 0.02 compared to diluted earnings per share from continuing operations of PHP 0.05 a year ago.