Impact of COVID-19 on the 2020 Financial Results of Selected Philippine Publicly-Listed Companies

Abstract

This paper evaluates the impact of the COVID-19 pandemic on the 2020 financial results of selected Philippine Publicly-Listed Companies (PLCs) in the Philippine Stock Exchange.. Using ratio analysis to determine the consequences of this infectious disease affecting PLCs, results show a decline in the percent-change in revenue, expenses, and net income from the average figures for 2017 to 2019 to corresponding figures for 2020. Content analysis revealed that most Philippine PLCs disclosed high and medium details as to the impact of COVID-19. Furthermore, the study’s results demonstrated that most PLCs provided qualitative or quantitative details about the respective measures taken against COVID-19.