Roxas and Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 08:24 pm EDT
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Roxas and Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 114.23 million compared to PHP 92.8 million a year ago. Revenue was PHP 136.75 million compared to PHP 111.82 million a year ago. Net loss was PHP 122.01 million compared to PHP 65.99 million a year ago. Basic loss per share from continuing operations was PHP 0.05 compared to PHP 0.03 a year ago. Diluted loss per share from continuing operations was PHP 0.05 compared to PHP 0.03 a year ago.
For the six months, sales was PHP 420.94 million compared to PHP 576.98 million a year ago. Revenue was PHP 500.02 million compared to PHP 655.14 million a year ago. Net loss was PHP 163.77 million compared to PHP 77.18 million a year ago. Basic loss per share from continuing operations was PHP 0.07 compared to PHP 0.03 a year ago. Diluted loss per share from continuing operations was PHP 0.07 compared to PHP 0.03 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.
ROXAS AND COMPANY, INC. 
