Basic Energy Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 15,571.95 million compared to PHP 18,665.08 million a year ago. Net income was PHP 40.56 million compared to PHP 8.33 million a year ago. Basic earnings per share from continuing operations was PHP 0.004 compared to PHP 0.01 a year ago.
For the six months, sales was PHP 33,019.55 million compared to PHP 36,732.75 million a year ago. Net income was PHP 35.35 million compared to PHP 100.34 million a year ago. Basic earnings per share from continuing operations was PHP 0.006 compared to PHP 0.02 a year ago.