Apollo Global Q1 net loss: P7.9-M (up 32%)
Apollo Global Capital [APL 0.01, up 10.0%; 6% avgVol] [link] posted a Q1 net loss of P7.9 million, which was actually 32% better than its Q1/23 net loss of P11.5 million. The company’s Management’s Discussion and Analysis section is still just a “Plan of Operations” because the company still has yet to earn a single peso of revenue from the offshore mining operation that it was supposed to have started in early 2021. APL’s current President, Bonner Dytoc, was appointed back in late 2022 after the company’s previous President resigned.