Top Frontier Investment Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 07:55 pm EDT
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Top Frontier Investment Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 394,645 million compared to PHP 208,962 million a year ago. Net loss was PHP 8,486 million compared to net income of PHP 877 million a year ago. Basic loss per share from continuing operations was PHP 26.91 compared to basic earnings per share from continuing operations of PHP 1.43 a year ago. Diluted loss per share from continuing operations was PHP 26.91 compared to diluted earnings per share from continuing operations of PHP 1.43 a year ago.
For the six months, sales was PHP 711,401 million compared to PHP 410,119 million a year ago. Net loss was PHP 6,495 million compared to net income of PHP 4,498 million a year ago. Basic loss per share from continuing operations was PHP 22.11 compared to basic earnings per share from continuing operations of PHP 11.17 a year ago. Diluted loss per share from continuing operations was PHP 22.11 compared to diluted earnings per share from continuing operations of PHP 11.17 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. 
