Oriental Peninsula Resources Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022 at 10:51 pm EDT
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Oriental Peninsula Resources Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was PHP 836.63 million compared to PHP 875.39 million a year ago. Net income was PHP 111.96 million compared to PHP 61.91 million a year ago. Basic earnings per share from continuing operations was PHP 0.039 compared to PHP 0.022 a year ago.
For the six months, revenue was PHP 1,482.12 million compared to PHP 1,937.37 million a year ago. Net income was PHP 194.89 million compared to PHP 229.4 million a year ago. Basic earnings per share from continuing operations was PHP 0.068 compared to PHP 0.08 a year ago.
Oriental Peninsula Resources Group, Inc. is a Philippines-based investment holding company. The Company is engaged in the mining and exploration of nickel saprolite and limonite ores. It owns approximately 99% in Citinickel Mines and Development Corp., which has two mining sites located in the municipality of Narra and Sofronio Espanola, both in Palawan is primarily engaged to prospect, explore, locate, acquire, hold, work, develop, lease, operate and exploit mineral lands for chromite, copper, manganese, magnesite, silver, gold, and other mineral products.
ORIENTAL PENINSULA RESOURCES GROUP, INC. 
