Chemical Industries of the Philippines, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 07:37 pm EST
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Chemical Industries of the Philippines, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 0.257077 million compared to PHP 0.257077 million a year ago. Revenue was PHP 0.257077 million compared to PHP 0.257077 million a year ago. Net loss was PHP 33.89 million compared to PHP 1.73 million a year ago. Basic loss per share from continuing operations was PHP 3.291 compared to PHP 0.168 a year ago.
For the nine months, sales was PHP 0.856924 million compared to PHP 2.33 million a year ago. Revenue was PHP 1,009.86 million compared to PHP 2.33 million a year ago. Net income was PHP 440.92 million compared to net loss of PHP 6.95 million a year ago. Basic earnings per share from continuing operations was PHP 42.822 compared to basic loss per share from continuing operations of PHP 0.675 a year ago. Diluted earnings per share from continuing operations was PHP 42.82.
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. 
