PhilWeb Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 95.22 million compared to PHP 108.47 million a year ago. Revenue was PHP 199.36 million compared to PHP 203.5 million a year ago. Net loss was PHP 5.26 million compared to net income of PHP 12.05 million a year ago. Basic loss per share from continuing operations was PHP 0.004 compared to basic earnings per share from continuing operations of PHP 0.009 a year ago. Diluted loss per share from continuing operations was PHP 0.004 compared to diluted earnings per share from continuing operations of PHP 0.009 a year ago.
For the six months, sales was PHP 193.38 million compared to PHP 201.82 million a year ago. Revenue was PHP 403.64 million compared to PHP 385.17 million a year ago. Net loss was PHP 10.71 million compared to net income of PHP 17.63 million a year ago. Basic loss per share from continuing operations was PHP 0.008 compared to basic earnings per share from continuing operations of PHP 0.014 a year ago. Diluted loss per share from continuing operations was PHP 0.008 compared to diluted earnings per share from continuing operations of PHP 0.014 a year ago.