Socresources, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 19, 2019 at 01:18 am
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SOCResources, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net income was PHP 3.114 million compared to PHP 0 a year ago. Basic earnings per share was PHP 0.0052 compared to PHP 0 a year ago. For the half year, net loss was PHP 76,619 compared to net income of PHP 16.742 million a year ago. Basic loss per share was PHP 0.0001 compared to basic earnings per share of PHP 0.027 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. 
