Marcventures Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
May 17, 2021 at 09:34 pm EDT
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Marcventures Holdings, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was PHP 2,876.676 million compared to PHP 1,432.534 million a year ago. Operating income was PHP 656.801 million compared to PHP 176.575 million a year ago. Net income was PHP 375.047 million compared to PHP 37.842 million a year ago. Basic earnings per share from continuing operations was PHP 0.124 compared to PHP 0.013 a year ago.
Marcventures Holdings, Inc. is a Philippines-based holding company. The Companyâs subsidiaries include Marcventures Mining & Development Corporation (MMDC), BrightGreen Resources Corp. (BRC), Alumina Mining Philippines Inc. (AMPI) and Bauxite Resources Inc. (BARI). MMDC operates a nickel in the Municipalities of Cantilan, Carrascal and Madrid in the Province of Surigao del Sur, covering an area of approximately 4,799 hectares (ha). BRC is an exploration-stage company, which holds MPSA No. 015-93-XIII, covering approximately 4,860 ha of the Municipalities of Carrascal and Cantilan in the Province of Surigao del Sur. AMPI holds MPSA No. 179-2002 VIII (SBMR) with an area of 6,694 ha located in Motiong, San Juan De Buan and Paranas, Province of Samar. BARI holds MPSA No. 180-2002 VIII (SBMR) with an area of 5,519.01 ha located in Gandara, San Jorge and San Juan De Buan, Province of Samar. The primary mineral in AMPI and BARI is bauxite, the main raw material of aluminum.
MARCVENTURES HOLDINGS, INC. 
