Paxys, Inc. Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2018
April 12, 2019 at 03:33 am
Share
Paxys, Inc. announced audited consolidated earnings results for the year ended December 31, 2018. For the year, the company reported revenue of PHP 86,477,000 against PHP 79,205,000 a year ago. Net income was PHP 14,087,000 or PHP 0.018 per basic and diluted share against PHP 1,954,000 or PHP 0.002 per basic and diluted share a year ago. Loss from operations was PHP 80,621,000 against PHP 73,142,000 a year ago.
Paxys Inc. is a Philippines-based investment holding company. The Company operates through its subsidiary, Scopeworks Asia, Inc. (SWA), which is an export-oriented business process outsourcing company. SWA provides outsourcing services, including data transcription services, customer service, facilities and support services, and back-office services to domestic and foreign institutions, as well as to multinational companies based in the Philippines and abroad. The Company operates through two segments, namely Outsourcing and Others. The Outsourcing segment includes primarily facilities management. The Others segment includes the operations of the parent company.