Lepanto Consolidated Mining Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 572.05 million compared to PHP 392.82 million a year ago. Net loss was PHP 61.96 million compared to PHP 152.52 million a year ago. Basic loss per share from continuing operations was PHP 0.000988 compared to PHP 0.002303 a year ago. Diluted loss per share from continuing operations was PHP 0.000988 compared to PHP 0.002303 a year ago.
For the six months, revenue was PHP 1,375.61 million compared to PHP 816.66 million a year ago. Net income was PHP 71.57 million compared to net loss of PHP 301.57 million a year ago. Basic earnings per share from continuing operations was PHP 0.001026 compared to basic loss per share from continuing operations of PHP 0.00455 a year ago. Diluted earnings per share from continuing operations was PHP 0.001026 compared to diluted loss per share from continuing operations of PHP 0.00455 a year ago.