LISTED holding firm SOCResources, Inc. saw a net loss of P8.1 million for the first half of the year from a net income of P7.8 million last year as costs and expenses, although smaller than the previous period, outpaced sharply lower revenues.

Formerly South China Resources, Inc., the company was established in 1992 primarily to undertake oil and gas exploration. In 2003 it received approval from the Securities and Exchange Commission (SEC) to change its primary purpose to that of a holding company.

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