Macay Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 09:12 pm EDT
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Macay Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was PHP 2,625.085 million compared to PHP 3,235.257 million a year ago. Net income was PHP 129.965 million compared to PHP 218.038 million a year ago. For the half year, sales was PHP 4,744.097 million compared to PHP 5,716.679 million a year ago. Net income was PHP 105.991 million compared to PHP 253.035 million a year ago.
Macay Holdings, Inc. is a Philippines-based investment holding company for ARC Refreshments Corporation (ARC), ARC Holdings, Inc., Artemisplus Express Inc. (AEI) and Macay Global Ventures Inc. (MGVI). The Companyâs brands include RC Cola, RC Cola No Sugar, Juicy Lemon, Fruit Soda Orange, Seetrus, Arcyâs Rootbeer, Rite âN Lite and Alon. ARC is engaged in the bottling, distribution, marketing and sales of RC Cola and other carbonated drinks in the Philippines. AEI is a canteen concessionaire in the Philippines, which serves clients mainly from BPO, corporate, manufacturing and hospital segments, and the ventured into the sale of packed meals and frozen meals. AEI operates under the trade name Kitchen City. MGVI owns RC Global Beverages Inc. (RCGBI), which has global licensing rights to RC Cola and associated brands in over 100 countries (excluding the United States, Mexico and Canada). RCGBI also develops flavors and provides concentrates for customers in different countries.
MACAY HOLDINGS, INC. 