BHI Holdings Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 12, 2018 at 08:16 pm EDT
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BHI Holdings Inc. reported earnings results for the second quarter and six months ended June 30, 2018. For six months, the company reported loss before tax was PHP 114,023 compared to PHP 124,615 a year ago. Net loss was PHP 114,023 compared to PHP 124,615 a year ago. Net loss per basic and diluted share was PHP 0.23 compared to PHP 0.25 a year ago. Interest income was PHP 1,487,957 compared to PHP 1,487,989 a year ago. Net cash used in operating activities was PHP 143,144 against PHP 135,984 a year ago. Net Income Attributable to Parent Equity Holder was PHP 101,480 against PHP 110,907 a year ago. Revenue decreased was primarily due to lower interest income in bank deposit.
For the quarter, the company reported income before tax was PHP 58,402 compared to PHP 49,824 a year ago. Net income was PHP 58,402 compared to PHP 49,824 a year ago. Net loss per basic and diluted share was PHP 0.12 compared to PHP 0.10 a year ago. Net cash provided by operating activities was PHP 55,380 against PHP 49,510 a year ago. Interest income was PHP 748,070 compared to PHP 748,116 a year ago. Net Income Attributable to Parent Equity Holder was PHP 51,978 against PHP 44,343 a year ago. Book value per share was PHP 197. Negative return on equity was 0.0011% against 0.0012% 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.