Oriental Peninsula Resources Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 18, 2023 at 03:29 am EDT
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Oriental Peninsula Resources Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 58.65 million compared to PHP 836.63 million a year ago. Net loss was PHP 132.67 million compared to net income of PHP 111.96 million a year ago. Basic loss per share from continuing operations was PHP 0.046 compared to basic earnings per share from continuing operations of PHP 0.039 a year ago.
For the six months, revenue was PHP 332.85 million compared to PHP 1,482.12 million a year ago. Net loss was PHP 213.2 million compared to net income of PHP 194.89 million a year ago. Basic loss per share from continuing operations was PHP 0.074 compared to basic earnings per share from continuing operations of PHP 0.068 a year ago.
Oriental Peninsula Resources Group, Inc. is a Philippines-based investment holding company. The Company is engaged in the mining and exploration of nickel saprolite and limonite ores. It owns approximately 99% in Citinickel Mines and Development Corp., which has two mining sites located in the municipality of Narra and Sofronio Espanola, both in Palawan is primarily engaged to prospect, explore, locate, acquire, hold, work, develop, lease, operate and exploit mineral lands for chromite, copper, manganese, magnesite, silver, gold, and other mineral products.
ORIENTAL PENINSULA RESOURCES GROUP, INC. 
