Paxys, Inc. Reports Earnings Results for the Quarter and Year to Date Ended June 30, 2018
August 14, 2018 at 12:50 am
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Paxys, Inc. reported earnings results for the quarter and year to date ended June 30, 2018. For the quarter, gross revenue was PHP 23,909,000 compared to PHP 18,410,000 a year ago. Net operating income was PHP 21,318,000 compared to PHP 18,410,000 a year ago. Income before tax was PHP 4,055,000 compared to PHP 4,021,000 a year ago. Net income attributable to parent equity holder was PHP 4,055,000 compared to PHP 4,021,000 a year ago. Earnings per share on basic and diluted basis were PHP 0.01 compared to PHP 0.01 a year ago.
For year to date, gross revenue was PHP 45,300,000 compared to PHP 41,463,000 a year ago. Net operating income was PHP 44,261,000 compared to PHP 35,479,000 a year ago. Income before tax was PHP 6,976,000 compared to PHP 7,553,000 a year ago. Net income attributable to parent equity holder was PHP 6,976,000 compared to PHP 7,553,000 a year ago. Earnings per share on basic and diluted basis were PHP 0.01 compared to PHP 0.01 a year ago. Net cash used in operating activities was PHP 3,708,000 compared to PHP 8,616,000 a year ago. Acquisition of property and equipment and intangibles was PHP 3,108,000 compared to PHP 250,000 a year ago. EBITDA was PHP 7,750,000 compared to PHP 8,332,000 a year ago. Return on equity was 0.1% compared to 0.05% 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.