Oriental Peninsula Resources Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 08:19 pm EST
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Oriental Peninsula Resources Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative revenue was PHP 0.291894 million compared to revenue of PHP 209.66 million a year ago. Net loss was PHP 149.66 million compared to net income of PHP 75.19 million a year ago. Basic loss per share from continuing operations was PHP 0.052 compared to basic earnings per share from continuing operations of PHP 0.026 a year ago.
For the nine months, revenue was PHP 332.56 million compared to PHP 1,691.78 million a year ago. Net loss was PHP 362.86 million compared to net income of PHP 270.08 million a year ago. Basic loss per share from continuing operations was PHP 0.126 compared to basic earnings per share from continuing operations of PHP 0.094 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. 
