Macay Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 07:18 pm EST
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Macay Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 3,633.22 million compared to PHP 2,041.4 million a year ago. Net income was PHP 73.93 million compared to net loss of PHP 48.62 million a year ago. Basic earnings per share from continuing operations was PHP 0.07 compared to basic loss per share from continuing operations of PHP 0.05 a year ago. Diluted earnings per share from continuing operations was PHP 0.07 compared to diluted loss per share from continuing operations of PHP 0.05 a year ago.
For the nine months, sales was PHP 9,138.63 million compared to PHP 6,819.71 million a year ago. Net income was PHP 43.94 million compared to net loss of PHP 69.57 million a year ago. Basic earnings per share from continuing operations was PHP 0.04 compared to basic loss per share from continuing operations of PHP 0.07 a year ago. Diluted earnings per share from continuing operations was PHP 0.04 compared to diluted loss per share from continuing operations of PHP 0.07 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. 
