Marcventures Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 10:52 pm EDT
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Marcventures 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 755.51 million compared to PHP 1,166.67 million a year ago. Net income was PHP 64.74 million compared to PHP 274.42 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.09 a year ago. Diluted earnings per share from continuing operations was PHP 0.02 compared to PHP 0.09 a year ago.
For the six months, sales was PHP 840.5 million compared to PHP 1,242.67 million a year ago. Net income was PHP 28.59 million compared to PHP 212.3 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to PHP 0.07 a year ago. Diluted earnings per share from continuing operations was PHP 0.01 compared to PHP 0.07 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. 
