Benguet 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 344.03 million compared to PHP 1,468.31 million a year ago. Net income was PHP 30.02 million compared to PHP 553.43 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to PHP 0.89 a year ago. Diluted earnings per share from continuing operations was PHP 0.05 compared to PHP 0.88 a year ago.
For the six months, sales was PHP 1,603.16 million compared to PHP 2,724.8 million a year ago. Net income was PHP 438.63 million compared to PHP 974.11 million a year ago. Basic earnings per share from continuing operations was PHP 0.7 compared to PHP 1.56 a year ago. Diluted earnings per share from continuing operations was PHP 0.7 compared to PHP 1.55 a year ago.