Roxas and Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:31 am EST
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Roxas and Company, 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 165.8 million compared to PHP 99.29 million a year ago. Revenue was PHP 170.81 million compared to PHP 177.51 million a year ago. Net loss was PHP 119.61 million compared to net income of PHP 22.54 million a year ago. Basic loss per share from continuing operations was PHP 0.06 compared to basic earnings per share from continuing operations of PHP 0.01 a year ago. Diluted loss per share from continuing operations was PHP 0.06 compared to diluted earnings per share from continuing operations of PHP 0.01 a year ago.
For the nine months, sales was PHP 586.73 million compared to PHP 676.27 million a year ago. Revenue was PHP 670.83 million compared to PHP 832.65 million a year ago. Net loss was PHP 292.33 million compared to PHP 54.64 million a year ago. Basic loss per share from continuing operations was PHP 0.13 compared to PHP 0.02 a year ago. Diluted loss per share from continuing operations was PHP 0.13 compared to PHP 0.02 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. 
