Global Ferronickel Holdings, 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 1,987.2 million compared to PHP 2,167.46 million a year ago. Net income was PHP 195.65 million compared to PHP 628.63 million a year ago. Basic earnings per share from continuing operations was PHP 0.038 compared to PHP 0.1208 a year ago. Diluted earnings per share from continuing operations was PHP 0.038 compared to PHP 0.1208 a year ago.
For the six months, sales was PHP 2,991.43 million compared to PHP 2,128.31 million a year ago. Net income was PHP 349.5 million compared to PHP 433.71 million a year ago. Basic earnings per share from continuing operations was PHP 0.0676 compared to PHP 0.0833 a year ago. Diluted earnings per share from continuing operations was PHP 0.0676 compared to PHP 0.0833 a year ago.