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February 10, 2016 2:26 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

470 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 Demise of Antonio Ozaeta, Vice Chairman

Marcventures Holdings, Inc. announced that the company's Vice Chairman, Mr. Antonio Ozaeta, passed away on December 26, 2015.

Marcventures Holdings Inc. Appoints Ramon N. Santos as Vice President for Project Development

Marcventures Holdings Inc. appointed Ramon N. Santos as Vice President for Project Development, effective December 15, 2015.

Marcventures Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Marcventures Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, operating revenue was PHP 169,049,594 against PHP 592,926,007 for the same period prior year. Net income attributable to parent equity holder was PHP 103,048,268 against PHP 531,367,939 for the same period prior year. Basic and diluted earnings per share were PHP 0.06 against PHP 0.29 for the same period prior year. Cash provided by operating activities was PHP 143,569,902 against PHP 529,264,813 for the same period prior year. Income from operations was PHP 82,105,345 against PHP 507,093,520 a year ago. Addition to property and equipment was PHP 8,366,454 against PHP 45,578,154 a year ago. For the nine months, operating revenue was PHP 190,100,461 against PHP 864,394,576 for the same period prior year. Net loss attributable to parent equity holder was PHP 61,967,528 against income of PHP 677,106,798 for the same period prior year. Basic and diluted loss per share was PHP 0.03 against earnings of PHP 0.37 for the same period prior year. Cash used in operating activities was PHP 252,621,463 against cash provided by operating activities was PHP 697,572,343 for the same period prior year. Loss from operations was PHP 82,105,345 against income from operations of PHP 659,044,896 a year ago. Addition to property and equipment was PHP 176,992,025 against PHP 179,796,894 a year ago. Book value per share was PHP 1.53 as on September 30, 2015.

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