BRIEF-Axelum Resources Corp Posts FY Net Income Of 775.6 Mln Pesos, Up 113%

March 12 (Reuters) - Axelum Resources Corp:

* FY NET INCOME 775.6 MILLION PESOS, UP 113%

* FOR 2019, TOPLINE DOWN BY 10% TO 5.3 BILLION PESOS

* FOR 2020, AXELUM HAS EARMARKED CAPITAL SPENDING AT ABOUT 600 MILLION PESOS

* ACTIVELY ENGAGED IN PRELIM DISCUSSIONS WITH SELECT STRATEGIC TARGETS FOR POTENTIAL ACQUISITION Source text for Eikon: Further company coverage: