BHI Holdings, Inc. Announces Consolidated Audited Earnings Results for the Year Ended December 31, 2017
April 15, 2018 at 09:49 pm EDT
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BHI Holdings, Inc. announced consolidated audited earnings results for the year ended December 31, 2017. For the year revenue was PHP 3,001,004 compared to PHP 3,001,053 for the same period a year ago. This was due to was primarily due to a lesser interest income in excess of actual rates recognized on loan receivable and due from a related party, as a result of PFRS application, was considered non-taxable income. Loss before income tax was PHP 118,145 compared to PHP 116,387 for the same period a year ago. Net income attributable to parents was PHP 160,476 compared to loss of PHP 158,938 for the same period a year ago. Basic and diluted loss per share was PHP 0.36 compared to PHP 0.35 for the same period a year ago. Cash flow from operating activities was PHP 34,910 compared to PHP 92,461 for the same period a year ago. Net loss for the year was PHP 178,346 compared to PHP 176,598 for the same period a year ago.
BHI Holdings, Inc. is a Philippines-based investment holding company. The Company seeks to acquire equity plus interest in profitable corporations. The company has no principal plants, mines, or other property. It has no principal products or services. The Company is a subsidiary of Bulk Handlers, Inc., which is engaged in the business of warehouse leasing and terminal operations.