IPM Holdings, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 0.806504 million compared to PHP 1.2 million a year ago. Revenue was PHP 50.19 million compared to PHP 77.05 million a year ago.

Net income was PHP 2.48 million compared to PHP 8.16 million a year ago. Basic earnings per share from continuing operations was PHP 0.004 compared to PHP 0.012 a year ago.