Italpinas Development Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 102.89 million compared to PHP 68.14 million a year ago. Net income was PHP 2.37 million compared to PHP 3.98 million a year ago. Basic earnings per share from continuing operations was PHP 0.004 compared to PHP 0.006 a year ago. Diluted earnings per share from continuing operations was PHP 0.004 compared to PHP 0.006 a year ago.
For the nine months, sales was PHP 303.8 million compared to PHP 185.68 million a year ago. Net income was PHP 12.32 million compared to PHP 19.66 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.031 a year ago. Diluted earnings per share from continuing operations was PHP 0.02 compared to PHP 0.031 a year ago.