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Soc Resources Inc (Philippines)

Main Activities: Oil and Gas Extraction | Management of Companies and Enterprises
Full name: Soc Resources Inc Profile Updated: September 24, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

SOCResources, Inc. (SOC) is a company located in Makati, Philippines. It was incorporated and registered with the SEC on September 25, 1992. Initially, SOC focused on oil and gas exploration, development, and production, becoming one of the leading exploration companies after its listing in 1994. In response to the financial crisis of the 90s, SOC diversified its business into other investments, including technology-based ventures and real estate. One of SOC's significant investments was the acquisition and sale of Bell Telecommunications Philippines, Inc. and Filipinas Plaza. SOC also acquired a 2.4-hectare plot in Buli, Muntinlupa, strategically located along the South Luzon Expressway, to address the country's housing backlog. To develop this property, SOC established its wholly owned subsidiary, SOC Land Development Corporation (SOC Land), which aims to provide quality homes at affordable prices. SOC Land's first project is Anuva Residences, a 2.4-hectare community near Sucat Interchange. It consists of four tandem buildings, with the first building, Anala, completed in May 2015. The second building, Azalea, is currently in the preselling stage. SOC Land's latest project is Althea Residences, a horizontal residential development in Biñan City, Laguna. In addition to real estate, SOC has identified food production as a potential investment area due to the country's growing population and rising incomes. The company has entered into an agreement with the Palawan IP group Campong It Mapangarapan It Palawano (CAMPAL) to undertake agro-industrial development of their ancestral land. Furthermore, SOC is exploring conventional and renewable energy resources to address the country's power requirements. The company aims to provide sustainable base load power for a steady income stream. Overall, SOCResources, Inc. is a diversified company involved in oil and gas exploration, real estate development, food production, and energy resources.

Headquarters
4Th Floor Enzo Building, 399 Senator Gil Puyat Avenue, Corner Makati Avenue
Makati; National Capital Region; Postal Code: 1209

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Website: http://socres.com.ph

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1992
Key Executives
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President
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Division Vice President
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Vice President
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Vice President-Finance
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Director/Member of the Board
Ownership Details
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25.67%
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25.485%
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25.152%
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18.011%
Subsidiaries
Soc Land Development Corp.
100%
Socbluemoon, Inc.
100%
Company Performance
Financial values in the chart are available after Soc Resources Inc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
-22.93%
Total operating revenue
-16.7%
Operating profit (EBIT)
-61.48%
EBITDA
-55.85%
Net Profit (Loss) for the Period
-47.11%
Total assets
-5.48%
Total equity
3.96%
Operating Profit Margin (ROS)
-5.86%
Net Profit Margin
-5.36%
Return on Equity (ROE)
-0.47%
Quick Ratio
1.9%
Cash Ratio
1.75%

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