Millennium Global Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022 at 09:35 pm EDT
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Millennium Global 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 99.77 million compared to PHP 198.42 million a year ago. Revenue was PHP 99.77 million compared to PHP 198.42 million a year ago. Net loss was PHP 1.42 million compared to PHP 0.401278 million a year ago.
For the six months, sales was PHP 242.04 million compared to PHP 423.56 million a year ago. Revenue was PHP 242.04 million compared to PHP 423.56 million a year ago. Net loss was PHP 1.79 million compared to PHP 2.07 million a year ago. Basic loss per share from continuing operations was PHP 0.00072.
Millennium Global Holdings, Inc. is a Philippines-based holding company. The Company operates through its subsidiaries, Millennium Ocean Star Company (MOSC) and Cebu Canning Corporation (C3). MOSC is primarily engaged in the processing of seafood and aquaculture products for export and trading of imported marine and other related products. Its key business activity is the processing and export of seafood products, such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, and others. MOSC also imports salmon, mackerel scad, scallops, shrimps for the local market, supplying supermarkets, groceries, food processors, hotels, and restaurants nationwide. C3 is a domestic company engaged in the business of manufacturing, processing, and dealing in pasteurized canned crabmeat, frozen marine products, and other food products for export purposes. The raw crab meat, which is the main material used in the business is locally sourced by C3.
MILLENNIUM GLOBAL HOLDINGS, INC. 
