Atlas Mining H1 profit surges 158% to P2.1B

By Earl John Alfaro

Jul 23, 2024 12:24 am

LISTED Atlas Consolidated Mining and Development Corp. booked a net income of P2.07 billion in the first half, more than double compared to the same period last year, as revenues jumped 23 percent to P12.47 billion.

In a filing, Atlas said that first-half net income was 158 percent higher than the previous year's P803 million. Earnings before interest, taxes, depreciation and amortization rose 47 percent, from P3.61 billion last year to P5.29 billion this year.

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