Millennium Global Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019
May 19, 2019 at 08:53 pm
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Millennium Global Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenues of PHP 279,354,518 compared to PHP 323,338,750 a year ago. Profit from operations was PHP 13,052,568 compared to PHP 6,717,388 a year ago. Profit was PHP 1,397,320 compared to PHP 1,344,773 a year ago.
Millennium Global Holdings, Inc. is a Philippines-based holding company. The Company operates through its subsidiaries, Millennium Ocean Star Company (MOSC) and Cebu Canning Corporation (C3). MOSC is primarily engaged in the processing of seafood and aquaculture products for export and trading of imported marine and other related products. Its key business activity is the processing and export of seafood products, such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, and others. MOSC also imports salmon, mackerel scad, scallops, shrimps for the local market, supplying supermarkets, groceries, food processors, hotels, and restaurants nationwide. C3 is a domestic company engaged in the business of manufacturing, processing, and dealing in pasteurized canned crabmeat, frozen marine products, and other food products for export purposes. The raw crab meat, which is the main material used in the business is locally sourced by C3.
MILLENNIUM GLOBAL HOLDINGS, INC. 
