December 11, 2016 3:32 AM ET

Metals and Mining

Company Overview of Marcventures Holdings, Inc.

Company Overview

Marcventures Holdings, Inc., through its subsidiary, Marcventures Mining and Development Corporation, primarily explores for, develops, and mines nickel ores in the Philippines. It has a mineral production sharing agreement that covers an area of approximately 4,799 hectares located in Cantilan, Surigao Del Sur. The company was incorporated in 1957 and is based in Makati City, the Philippines. Marcventures Holdings, Inc. is a subsidiary of PCD Nominee Corporation.

Citibank Center

4th Floor

Paseo de Roxas

Makati City,  8741

Philippines

Founded in 1957

469 Employees

Phone:

63 2 831 4479

Fax:

63 2 836 8609

Key Executives for Marcventures Holdings, Inc.

Marcventures Holdings, Inc. does not have any Key Executives recorded.

Marcventures Holdings, Inc. Key Developments

Marcventures Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Marcventures Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the third quarter, the company's sale of ore was PHP 880,027,000 against PHP 1,156,700,000 for the same period last year. Income from operation was PHP 138,943,000 against PHP 82,105,000 for the same period last year. Net income before income tax was PHP 140,249,000 against PHP 103,048,000 for the same period last year. Net Income for the period was PHP 140,249,000 against PHP 103,048,000 for the same period last year. Earnings per basic/diluted share were PHP 0.08 against PHP 0.06 for the same period last year. Net cash provided by operating activities was PHP 36,895,000 against PHP 143,570,000 for the same period last year. For the nine months, the company's sale of ore was PHP 1,455,615,000 against PHP 1,853,473,000 for the same period last year. Loss from operation was PHP 48,179,000 against PHP 81,963,000 for the same period last year. Net loss before income tax was PHP 52,349,000 against PHP 61,968,000 for the same period last year. Net loss for the period was PHP 52,349,000 against PHP 61,968,000 for the same period last year. Loss per share was PHP 0.03 against PHP 0.03 for the same period last year. Return on equity was 0.02% against 0.02% for the same period last year. Book value per share was PHP 1.60 against PHP 1.66 for the same period last year. Net cash used in operating activities was PHP 415,000 against PHP 252,621,000 for the same period last year.

Marcventures Holdings, Inc. Announces Resignation of Ramon N. Santos as Vice President for Project Development, Effective August 31, 2016

Marcventures Holdings, Inc. announced the resignation of Mr. Ramon N. Santos as vice president for Project Development, effective August 31, 2016.

Marcventures Holdings, Inc. Reports Earnings Results for the Second Quarter and Year to Date Ended of June 30, 2016

Marcventures Holdings, Inc. reported earnings results for the second quarter and year to date ended of June 30, 2016. For the quarter, the company reported operating revenue of PHP 575,587,788 compared to PHP 544,652,622 a year ago. Net loss before tax was PHP 117,775,043 compared to PHP 102,472,683 a year ago. Net loss attributable to parent equity holder was PHP 117,775,043 compared to PHP 102,472,683 a year ago. Basic and diluted net loss per share was PHP 0.06 compared to PHP 0.06 a year ago. For the year to date, the company reported operating revenue of PHP 575,587,788 compared to PHP 696,772,859 a year ago. Net loss before tax was PHP 192,597,378 compared to PHP 165,015,796 a year ago. Net loss attributable to parent equity holder was PHP 192,597,378 compared to PHP 165,015,796 a year ago. Basic and diluted net loss per share was PHP 0.11 compared to PHP 0.09 a year ago.

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