IPM Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:03 pm EDT
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IPM 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 1.14 million compared to PHP 1.19 million a year ago. Revenue was PHP 38.82 million compared to PHP 74.05 million a year ago. Net income was PHP 0.619908 million compared to PHP 1.98 million a year ago. Basic earnings per share from continuing operations was PHP 0.001 compared to PHP 0.003 a year ago.
For the six months, sales was PHP 1.95 million compared to PHP 2.39 million a year ago. Revenue was PHP 89.01 million compared to PHP 151.1 million a year ago. Net income was PHP 3.1 million compared to PHP 10.11 million a year ago. Basic earnings per share from continuing operations was PHP 0.004 compared to PHP 0.015 a year ago.
IPM Holdings, Inc. is a Philippines-based company. The Company is engaged in the business of investment to own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or otherwise dispose of real and personal property of every kind and description, and to manage any business, joint venture, firm partnership, corporation, institution or entity or otherwise act as holding or management corporation thereof. The Companyâs subsidiary, Basic Environmental Systems and Technologies, Inc. (BEST), is engaged in a contracting and consulting business for waste management, cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Company operates through two segments: investment holding and service.
IPM HOLDINGS, INC. 
