Roxas and Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:02 pm EDT
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Roxas and Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 140.11 million compared to PHP 106.28 million a year ago. Net loss was PHP 183.75 million compared to PHP 122.01 million a year ago. Basic loss per share was PHP 0.09 compared to PHP 0.05 a year ago. Diluted loss per share was PHP 0.09 compared to PHP 0.05 a year ago.
For the six months, sales was PHP 272.83 million compared to PHP 404.57 million a year ago. Net loss was PHP 356.21 million compared to PHP 163.77 million a year ago. Basic loss per share was PHP 0.15 compared to PHP 0.07 a year ago. Diluted loss per share was PHP 0.15 compared to PHP 0.07 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. 
