IPM Holdings, Inc. Reports Unaudited Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 14, 2018 at 02:57 am
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IPM Holdings, Inc. reported unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2018. For the quarter, on consolidated basis, the company's revenue and other income was PHP 55,579,336 compared to PHP 93,728,200 a year ago. Income before income tax was PHP 20,415,323 compared to PHP 42,745,096 a year ago. Net income was PHP 14,210,368 compared to PHP 30,606,011 a year ago. Net income attributable to equity holders of the parent was PHP 10,447,258 compared to PHP 22,780,511 a year ago. Earnings per share attributable to equity holders of the parent was PHP 0.015 compared to PHP 0.033 a year ago. Net cash used in operating activities was PHP 21,956 compared to net cash provided by operating activities of PHP 2,691,100 a year ago. Acquisition of property and equipment was PHP 447,984 a year ago.
For the six months, on consolidated basis, the company's revenue and other income was PHP 99,244,671 compared to PHP 188,476,618 a year ago. Income before income tax was PHP 41,214,994 compared to PHP 74,052,681 a year ago. Net income was PHP 28,610,678 compared to PHP 52,316,036 a year ago. Net income attributable to equity holders of the parent was PHP 21,119,924 compared to PHP 38,891,999 a year ago. Earnings per share attributable to equity holders of the parent was PHP 0.031 compared to PHP 0.056 a year ago. Net cash used in operating activities was PHP 610,139 compared to net cash provided by operating activities of PHP 3,562,127 a year ago. Acquisitions of property and equipment were PHP 1,067,961 a year ago. Book value per share was PHP 1.57.
For the quarter, on parent basis, the company's interest was PHP 249 compared to PHP 390 a year ago. Loss before income tax was PHP 842,024 compared to PHP 695,908 a year ago. Net loss was PHP 842,074 compared to PHP 695,986 a year ago. Basic/diluted loss per share was PHP 0.0010 compared to PHP 0.0010 a year ago. Net cash used in operating activities was PHP 791,524 compared to PHP 877,651 a year ago.
For the six months, on parent basis, the company's interest was PHP 497 compared to PHP 726 a year ago. Loss before income tax was PHP 1,352,240 compared to PHP 1,379,967 a year ago. Net loss was PHP 1,352,340 compared to PHP 1,380,112 a year ago. Basic/diluted loss per share was PHP 0.002 compared to PHP 0.002 a year ago. Net cash used in operating activities was PHP 2,088,955 compared to net cash provided by operating activities of PHP 414,741 a year ago.
IPM Holdings, Inc. is a Philippines-based company. The Company is engaged in the business of investment to own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or otherwise dispose of real and personal property of every kind and description, and to manage any business, joint venture, firm partnership, corporation, institution or entity or otherwise act as holding or management corporation thereof. The Companyâs subsidiary, Basic Environmental Systems and Technologies, Inc. (BEST), is engaged in a contracting and consulting business for waste management, cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Company operates through two segments: investment holding and service.
IPM HOLDINGS, INC. 
