PHINMA Corporation shared an overview of the company’s business milestones, priorities and outlook at its Annual Shareholders’ Meeting (ASM), held virtually to provide convenient access for all shareholders while following public health and safety protocols in the COVID-19 pandemic.
In the past year, PHINMA’s portfolio showcased resilience, sustaining positive momentum across each of its strategic business units in construction, education, property and hospitality management. With consolidated revenues of PhP 16.04 billion and consolidated net income of PhP 1.87 billion, the company was able to balance short-term financial safety with long-term value creation. This represents a 250-percent growth in bottom-line amidst volatile market conditions brought upon by the prolonged health crisis.
PHINMA’s strong business performance has allowed it to maintain a healthy balance sheet in 2021 with total assets of ₱30.08 billion, and a current ratio and debt-to-equity ratio of 1.71 : 1.00 and 2.03 : 1.00, respectively.
“We take pride in our efforts to measure our annual performance based on the impact we make on society and the citizenry. During the last two years of the pandemic, we have achieved milestones operating from a 3-tier bottom line perspective benefitting People, Planet, and Profit,” said CEO and President Ramon R. Del Rosario, Jr in his speech.
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