Roxas and Company, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 13, 2021 at 06:44 am IST
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Roxas and Company, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 96.966 million compared to PHP 94.959 million a year ago. Net loss was PHP 65.991 million compared to PHP 195.123 million a year ago. Basic loss per share from continuing operations was PHP 0.03 compared to PHP 0.09 a year ago. For the half year, total revenue was PHP 632.039 million compared to PHP 181.745 million a year ago. Net loss was PHP 77.181 million compared to PHP 341.918 million a year ago. Basic loss per share from continuing operations was PHP 0.03 compared to PHP 0.16 a year ago.
Roxas and Company, Inc. is a Philippines-based holding company. The Company holds interests in the real estate, hotels and resorts development and management business through its wholly owned subsidiary, Roxaco Land Corporation (RLC). The Company is engaged in sugar milling and ethanol manufacturing businesses of Roxas Holdings, Inc (RHI). The Company is also involved in coconut processing and exports through its subsidiary, Roxas Sigma Agriventures, Inc. (RSAI). It is also focused on renewable energy development. The Companyâs segments include Real Estate, Hotel, Manufacturing and others. The Company, through its subsidiary, Central Azucarera Don Pedro, Inc., provide the refined sugar requirements of traders and industrial customers, such as multinational food and beverage and pharmaceutical companies in Luzon.