Socresources, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
June 19, 2020 at 12:50 am
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SOCResources, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was PHP 115.665 million compared to PHP 137.575 million a year ago. Net loss was PHP 1.006 million compared to net income of PHP 7.836 million a year ago. Basic loss per share was PHP 0.0011 compared to basic earnings per share of PHP 0.0087 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. 
