Converge Information & Communications Technology Solutions Inc.

05/16/2022 | Press release | Distributed by Public on 05/15/2022 19:36

[Amend-1]Quarterly Report

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended Mar 31, 20222. SEC Identification Number CS2007160943. BIR Tax Identification No. 006-895-049-0004. Exact name of issuer as specified in its charter Converge Information and Communications Technology Solutions, Inc.5. Province, country or other jurisdiction of incorporation or organization Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office New Street Building, Mc Arthur Highway, Balibago, Angeles City, PampangaPostal Code20098. Issuer's telephone number, including area code (02) 8667-08889. Former name or former address, and former fiscal year, if changed since last report N/A10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 7,526,294,461
Fixed Rate Bonds 10,000,000,000
11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange, Common Stock12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Converge Information and Communications Technology Solutions, Inc.CNVRG

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Mar 31, 2022
Currency (indicate units, if applicable) PHP
Balance Sheet
Period Ended Fiscal Year Ended (Audited)
Mar 31, 2022 Dec 31, 2021
Current Assets 21,872,299,832 21,040,270,574
Total Assets 87,457,408,487 81,863,997,709
Current Liabilities 26,112,911,330 26,883,596,965
Total Liabilities 50,359,167,584 46,753,038,709
Retained
Earnings/(Deficit)
16,267,233,884 14,297,177,227
Stockholders' Equity 37,098,240,903 35,110,959,000
Stockholders' Equity - Parent 37,097,928,403 35,110,646,500
Book Value per Share 4.93 4.67
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date Previous Year-To-Date
Gross Revenue 7,747,512,014 5,546,802,928 7,747,512,014 5,546,802,928
Gross Expense 4,830,325,662 3,516,829,226 4,830,325,662 3,516,829,226
Non-Operating Income 25,986,352 65,715,867 25,986,352 65,715,867
Non-Operating Expense 299,352,483 132,996,124 299,352,483 132,996,124
Income/(Loss) Before Tax 2,643,820,221 1,962,693,445 2,643,820,221 1,962,693,445
Income Tax Expense 673,763,564 413,562,659 673,763,564 413,562,659
Net Income/(Loss) After Tax 1,970,056,657 1,549,130,786 1,970,056,657 1,549,130,786
Net Income Attributable to
Parent Equity Holder
1,970,056,657 1,549,130,786 1,970,056,657 1,549,130,786
Earnings/(Loss) Per Share
(Basic)
0.26 0.21 0.26 0.21
Earnings/(Loss) Per Share
(Diluted)
0.26 0.21 0.26 0.21
Current Year (Trailing 12 months) Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) 1.01 0.7
Earnings/(Loss) Per Share (Diluted) 1 0.6
Other Relevant Information

Please see attached quarterly report.

Amendments:
- Corrected quarterly report end date on this form.
- Corrected Total Liabilities on this form

Filed on behalf by:
Name Owen Kieffer Ocampo
Designation Investor Relations Director