Chemical Industries of the Philippines, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:00 am EDT
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Chemical Industries of the Philippines, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 0.257077 million compared to PHP 0.633113 million a year ago. Net loss was PHP 80.55 million compared to PHP 2 million a year ago. Basic loss per share from continuing operations was PHP 7.823 compared to PHP 0.194 a year ago. Diluted loss per share from continuing operations was PHP 7.823 compared to PHP 0.194 a year ago.
For the six months, sales was PHP 0.599847 million compared to PHP 2.07 million a year ago. Net income was PHP 475.5 million compared to net loss of PHP 5.16 million a year ago. Basic earnings per share from continuing operations was PHP 46.18 compared to basic loss per share from continuing operations of PHP 0.501 a year ago. Diluted earnings per share from continuing operations was PHP 46.18 compared to diluted loss per share from continuing operations of PHP 0.501 a year ago.
Chemical Industries of the Philippines, Inc. is a Philippines-based holding company. The Company's business purpose to invest in and/or to engage in real-estate business. The Company operates through leasing segment. The Companyâs current primary purpose is to acquire by purchase, lease, or otherwise, lands or interest in lands and realty, and to own, hold, improve, develop, manage, and operate said land or lands or real estate so acquired, and to erect or cause to be erected on any lands, owned, held, occupied, or acquired by the corporation, buildings and other structures with their appurtenances. It also involved in rebuild, enlarge, alter, improve, or remodel any building or other structures, otherwise dispose of any lands or real estate or interests in lands or real estates and in buildings and other structures at any time owned or held by the corporation.
CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC. 
