Benguet Corporation

08/19/2022 | Press release | Distributed by Public on 08/18/2022 21:44

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 Jun 30, 20222. SEC Identification Number 113413. BIR Tax Identification No. 000-051-0374. Exact name of issuer as specified in its charter BENGUET CORPORATION5. Province, country or other jurisdiction of incorporation or organization Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7F Universal Re Building, 106 Paseo de Roxas, Makati CityPostal Code12268. Issuer's telephone number, including area code 02-8812-1380 / 7751-91379. 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
Convertible Preferred Class A (BCP) 217,061
Common Class A (BC) 374,996,258
Common Class B (BCB) 247,926,121
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: The Issuer's Convertible Preferred Class A share, Common Class A share and Common Class B share are listed in the Philippine Stock Exchange (PSE).12. 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.

Benguet CorporationBC

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 Jun 30, 2022
Currency (indicate units, if applicable) in '000 Philippine Peso
Balance Sheet
Period Ended Fiscal Year Ended (Audited)
Jun 30, 2022 Dec 31, 2021
Current Assets 3,323,532 2,416,934
Total Assets 9,560,120 8,749,353
Current Liabilities 1,053,072 1,160,003
Total Liabilities 2,173,105 2,339,820
Retained
Earnings/(Deficit)
4,995,952 4,021,846
Stockholders' Equity 7,387,015 6,409,533
Stockholders' Equity - Parent 7,387,015 6,409,533
Book Value per Share 11.73 9.02
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date Previous Year-To-Date
Gross Revenue 1,468,308 999,583 2,724,795 2,281,207
Gross Expense 748,431 574,313 1,448,760 1,145,399
Non-Operating Income 17,742 184 21,649 338
Non-Operating Expense 1,417 18,664 1,368 37,781
Income/(Loss) Before Tax 736,202 406,790 1,296,316 1,098,365
Income Tax Expense 182,773 103,663 322,210 276,675
Net Income/(Loss) After Tax 553,429 303,127 974,106 821,690
Net Income Attributable to
Parent Equity Holder
553,429 303,127 974,106 821,690
Earnings/(Loss) Per Share
(Basic)
0.89 0.49 1.56 1.33
Earnings/(Loss) Per Share
(Diluted)
0.88 0.49 1.55 1.32
Current Year (Trailing 12 months) Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) 3.23 1.76
Earnings/(Loss) Per Share (Diluted) 3.21 1.74
Other Relevant Information

Attached is Benguet Corporation's 2022 Second Quarter Report under SEC Form 17-Q. Please note that on August 11, 2022, we requested for extension of deadline to submit the report under SEC Form 17-L.

Filed on behalf by:
Name Reynaldo Mendoza
Designation Executive Vice President/ Asst. Corporate Secretary