First Abacus Financial Holdings Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was PHP 69.54 million compared to PHP 166.91 million a year ago. Net loss was PHP 56.21 million compared to net income of PHP 25.34 million a year ago. Basic loss per share from continuing operations was PHP 0.05 compared to basic earnings per share from continuing operations of PHP 0.02 a year ago. Diluted loss per share from continuing operations was PHP 0.05 compared to diluted earnings per share from continuing operations of PHP 0.02 a year ago.
For the nine months, revenue was PHP 192.14 million compared to PHP 288.31 million a year ago. Net loss was PHP 169.79 million compared to PHP 73.75 million a year ago. Basic loss per share from continuing operations was PHP 0.16 compared to PHP 0.07 a year ago. Diluted loss per share from continuing operations was PHP 0.16 compared to PHP 0.07 a year ago.