BENGUET CORP. POSTS P4.03B CONSOLIDATED REVENUES
LISTED miner, Benguet Corporation (BC), registered P4.03 billion consolidated revenues in 2022, surpassing by five percent its P3.84 billion revenues the previous year.
The revenues were sourced mainly from nickel, gold, and lime sales.
The Company sustained its strong performance with operating income that rose from P1.57 billion in 2021 to P1.66 billion in 2022.
After tax net income stood at P1.33 billion lower compared to Php1.42 billion in 2021 as fluctuations in non-cash revaluation adjustments decreased but still commendable given the current economic volatility due to pandemic hangover. The upward trend was supported by elevated metal prices and favorable foreign exchange that prevailed through most of the year.
During the 68th Annual National Mine Safety and Environment Conference held on November 18, 2022, the Company’s nickel subsidiary, Benguetcorp Resources Management Corporation, was the recipient of Platinum Achievement Award – Surface Mining Operation Category, and Irisan Lime Project (ILP) of the Company was awarded Safest Mineral Processing – Calcining Plant Category Award – Runner-up.
These awards are testament to BC’s sustainability endeavors and commitment as a responsible mining company.
