Synergy Grid & Development Phils., Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 11, 2021 at 11:11 pm EDT
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Synergy Grid & Development Phils., Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PHP 3.004 million compared to PHP 19.508 million a year ago. Operating income was PHP 48,642 compared to PHP 456,232 a year ago. Net income was PHP 79,476 compared to PHP 67,358 a year ago.
Synergy Grid & Development Phils., Inc. is a Philippines-based holding company. The Company is engaged in general construction and other allied businesses. The Company operates through transmission business segment. The Company operates through its transmission services across Luzon, Visayas, and Mindanao. The Company's subsidiaries include OneTaipan Holdings, Inc. (OTHI), Pacifica21 Holdings, Inc. (P21), Monte Oro Grid Resources Corporation (MOGRC), Calaca High Power Corporation (CHPC), and National Grid Corporation of the Philippines (NGCP). The CHPC engages in the general business of operating, managing, maintaining, and rehabilitating energy systems and services from gas, steam, and electricity including related services and business activities. The NGCP operates and maintains a nationwide transmission grid throughout the Philippines to provide open and non-discriminatory access to the transmission system to all authorized electricity distributors and electricity users.
SYNERGY GRID & DEVELOPMENT PHILS., INC. 