IPM Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 12:03 am EST
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IPM Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 0.768327 million compared to PHP 1.59 million a year ago. Revenue was PHP 57.78 million compared to PHP 103.55 million a year ago. Net income was PHP 11.9 million compared to PHP 23.54 million a year ago. Basic earnings per share from continuing operations was PHP 0.017 compared to PHP 0.034 a year ago. Diluted earnings per share from continuing operations was PHP 0.017 compared to PHP 0.034 a year ago.
For the nine months, sales was PHP 2.71 million compared to PHP 4.35 million a year ago. Revenue was PHP 146.55 million compared to PHP 255.04 million a year ago. Net income was PHP 15 million compared to PHP 33.95 million a year ago. Basic earnings per share from continuing operations was PHP 0.022 compared to PHP 0.049 a year ago. Diluted earnings per share from continuing operations was PHP 0.022 compared to PHP 0.049 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. 
