Forum Pacific, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 03:40 am EDT
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Forum Pacific, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was PHP 0.497269 million compared to PHP 0.691308 million a year ago. Basic loss per share from continuing operations was PHP 0.0004 compared to PHP 0.0006 a year ago.
For the six months, net loss was PHP 1.03 million compared to PHP 1.42 million a year ago. Basic loss per share from continuing operations was PHP 0.0009 compared to PHP 0.0012 a year ago.
Forum Pacific, Inc. is a Philippines-based company engaged in scientific and geological research into energy (geothermal and coal), oil, and natural gas. The Company is engaged in investing, purchasing and acquiring assets of any kind and is also engaged in the exploration, development and production of petroleum and related products as well as other mineral and chemical substances. The Company is also considering investing in potential renewable energy sources like solar power, ethane, biofuels, hydro, wind, and geothermal energy.