SOCResources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 07:11 pm
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SOCResources, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 4.57 million compared to PHP 1.61 million a year ago. Net income was PHP 2.21 million compared to PHP 12.26 million a year ago. Basic earnings per share from continuing operations was PHP 0.0024.
For the nine months, revenue was PHP 11.21 million compared to PHP 3.69 million a year ago. Net income was PHP 2.21 million compared to PHP 23.18 million a year ago. Basic earnings per share from continuing operations was PHP 0.0024 compared to PHP 0.0257 a year ago.
SOCResources, Inc. is a Philippines-based holding company. The Company is primarily engaged in oil exploration. It has investments in real estate, steel fabrication, banking, telecommunications and energy exploration. The Company is engaged in various construction-related contracts for the Anala, Azalea and Althea Projects. The Company operates through two segments: real estate development and investment. The real estate development segment is engaged in the real estate business. The investment segment pertains to the activities of the Company as a holding entity. The Company has two subsidiaries, SOC Land Development Corporation (SOC Land), and SOCBluemoon, Inc. (SOCBluemoon).
SOCRESOURCES, INC. 
