Apollo Global Capital, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 09:28 pm
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Apollo Global Capital, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was PHP 11.69 million compared to PHP 20.46 million a year ago. Basic loss per share from continuing operations was PHP 0.00004 compared to PHP 0.00007 a year ago.
For the six months, net loss was PHP 23.24 million compared to PHP 36.85 million a year ago. Basic loss per share from continuing operations was PHP 0.00008 compared to PHP 0.00013 a year ago.
Apollo Global Capital, Inc. is a Philippines-based holding company, which is to invest in, purchase, or otherwise acquire and own, hold, use, sell, assign, transfer, lease, mortgage, guarantee, exchange, develop, or otherwise dispose of real or personal property of every kind and description. The Company, through its subsidiary, JDVC Resources Corporation (JDVC), is engaged in the business of mining. JDVC is focused on exploring, prospecting and operating mines and quarries of all kinds of ores and minerals, metallic and non-metallic, such as nickel, iron, gold, copper, silver, lead, manganese, chromite, molybdenite pyrite, sulfur, silica, kaolin clay, zeolite, perlite, diatomaceous earth, diorite, basalt, gabbro, coal, hydrocarbons, oil and natural gas. The Company is engaged in offshore mining activities in Cagayan.