Marcventures Falls to PhP62 Million Loss in 9 Months

Manila, Philippines – Marcventures Holdings, Inc., the parent company of Marcventures Mining and Development Corp. (MMDC), incurred a PhP62 million net loss in the nine months ending September due to weak metal prices.

The company disclosed to the local bourse revenues declined 4.9% to PhP1.85 billion from January to September as nickel sales fell 48.06% during the period.

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Source: The Philippine Star

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