PHINMA Corporation’s (PHN) consolidated revenue grew to P13.43 billion in the first 9 months of 2022, an 11.49-percent increase over the same period last year.
Consolidated net income declined to P1.27 billion from P1.45 billion primarily due to higher costs driven by continued abnormal supply conditions and the return of face-to-face classes.
PHINMA Education posted a 30 percent increase in total enrollment for school year 2022-23 and recorded an 8.37-percent increase in consolidated revenue to P2.86 billion.
The PHINMA Construction Materials Group posted consolidated revenues of P10.29 billion , up 10.9 percent while net income of was lower at P467.30 million due to higher input costs,
PHINMA Property Holdings Corp.;s equitized net income was P12.27 million during the nine-month period.
