Synergy Grid & Development Phils., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 08:12 pm EST
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Synergy Grid & Development Phils., Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 13,156.7 million compared to PHP 13,326.25 million a year ago. Net income was PHP 2,546.92 million compared to PHP 2,716.68 million a year ago. Basic earnings per share from continuing operations was PHP 0.48 compared to PHP 0.52 a year ago. Diluted earnings per share from continuing operations was PHP 0.48 compared to PHP 0.52 a year ago.
For the nine months, sales was PHP 48,670.67 million compared to PHP 39,821.62 million a year ago. Net income was PHP 11,525.9 million compared to PHP 8,527.77 million a year ago. Basic earnings per share from continuing operations was PHP 2.19 compared to PHP 1.62 a year ago. Diluted earnings per share from continuing operations was PHP 2.19 compared to PHP 1.62 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. 
