Millennium Global Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 07:14 pm
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Millennium Global Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was PHP 220.532 million compared to PHP 411.120 million a year ago. Operating income was PHP 5.193 million compared to PHP 7.662 million a year ago. Net loss was PHP 1.679 million compared to net income of PHP 1.035 million a year ago. For the nine months, sales was PHP 770.275 million compared to PHP 1,127.176 million a year ago. Operating income was PHP 18.400 million compared to PHP 21.669 million a year ago. Net loss was PHP 105,777 compared to net income of PHP 3.519 million 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. 
