Top Frontier Investment Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 16, 2020 at 09:07 pm EDT
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Top Frontier Investment Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was PHP 138,728 million compared to PHP 258,565 million a year ago. Net loss was PHP 4,606 million compared to net income of PHP 4,433 million a year ago. Basic loss per share was PHP 15.17 compared to basic earnings per share of PHP 12.2 a year ago. For the half year, sales was PHP 352,788 million compared to PHP 509,485 million a year ago. Net loss was PHP 6,940 million compared to net income of PHP 6,723 million a year ago. Basic loss per share was PHP 23.46 compared to basic earnings per share of PHP 17.91 a year ago.
Top Frontier Investment Holdings, Inc. is a Philippines-based holding company. The Company operates through various segments: beverage, which produces and markets alcoholic and non-alcoholic beverages; food, which includes poultry operations, livestock farming, and processing and selling of meat products; packaging, which is involved in the production and marketing of packaging products, such as glass containers and glass molds; energy, which is engaged in power generation, distribution and trading, and coal mining; fuel and oil, which is engaged in refining and marketing of petroleum products; infrastructure, which is engaged in the construction and development of various infrastructure projects, such as airports, toll roads and roads; telecommunications, which is engaged in rendering domestic and international telecommunications services; cement segment, which is primarily engaged in the manufacturing, marketing and distribution of cement products, and real estate and others.
TOP FRONTIER INVESTMENT HOLDINGS, INC. 
