Oriental Peninsula Resources Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 12:44 am EST
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Oriental Peninsula Resources Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 209.66 million compared to PHP 602.55 million a year ago. Net income was PHP 75.19 million compared to PHP 57.23 million a year ago. Basic earnings per share from continuing operations was PHP 0.026 compared to PHP 0.02 a year ago.
For the nine months, revenue was PHP 1,691.78 million compared to PHP 2,539.93 million a year ago. Net income was PHP 270.08 million compared to PHP 286.63 million a year ago. Basic earnings per share from continuing operations was PHP 0.094 compared to PHP 0.1 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. 
