Listed miner Benguet Corp. said Friday its second-quarter consolidated revenues climbed 33 percent to P1.1 billion from P800 million in the same period a year earlier.
First-half revenues jumped 66 percent to P2.1 billion from P1.3 billion in the first half of 2024, the company said in a disclosure to the Philippine Stock Exchange.
Net income after tax for the second quarter went up 72 percent to P371 million from P215 million a year ago.
First-half net income more than doubled to P624 million from P268 million in the first six months of 2024.
Earnings per share were P0.52 for the quarter and P0.87 for the first half.
Operating margin increased to 43 percent in the second quarter from 29 percent a year ago. The company said the improved margins were due to efforts to increase commodity production and sales while maintaining operational efficiency.
Despite volatility in foreign exchange rates and commodity markets, Benguet said it expects its 2025 operating results to surpass its 2024 performance, with the management focused on strengthening operations, pursuing growth opportunities and enhancing shareholder value.
