Forum Pacific, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 01:30 am EDT
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Forum Pacific, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was PHP 0.569466 million compared to PHP 0.76593 million a year ago. Basic loss per share from continuing operations was PHP 0.0005 compared to PHP 0.0007 a year ago.
For the nine months, net loss was PHP 1.6 million compared to PHP 2.18 million a year ago. Basic loss per share from continuing operations was PHP 0.0014 compared to PHP 0.0019 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.