Paxys, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 04:46 am IST
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Paxys, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was PHP 9.443 million compared to PHP 20.150 million a year ago. Net loss was PHP 5.622 million compared to net income of PHP 8.853 million a year ago. For the half year, sales was PHP 26.033 million compared to PHP 41.534 million a year ago. Net loss was PHP 10.404 million compared to net income of PHP 12.632 million a year ago.
Paxys Inc. is a Philippines-based investment holding company. The Company operates through its subsidiary, Scopeworks Asia, Inc. (SWA), which is an export-oriented business process outsourcing company. SWA provides outsourcing services, including data transcription services, customer service, facilities and support services, and back-office services to domestic and foreign institutions, as well as to multinational companies based in the Philippines and abroad. The Company operates through two segments, namely Outsourcing and Others. The Outsourcing segment includes primarily facilities management. The Others segment includes the operations of the parent company.
PAXYS, INC. 
