PHILEX Mining Corp. posted a core net income of P402 million in the first semester of 2020, a solid turnaround from a net loss of P19 million recorded in the same period last year.
In a disclosure on Monday, the Pangilinan-led mining firm said improvements in the mine and mill operations paved the way for the company’s core net income to reach P300 million in the April to June period, in addition to P103million in core earnings it recorded in the first quarter.
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