Paxys, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 15, 2018 at 07:24 pm
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Paxys, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company’s gross revenue was PHP 21,391,000 against PHP 23,053,000 a year ago. Income before tax was PHP 2,921,000 against PHP 3,532,000 a year ago. Net income attributable to parent equity holder was PHP 2,921,000 against PHP 3,532,000 a year ago. Book value per share was PHP 1.87. Basic and diluted EPS was PHP 0.004 against PHP 0.004 a year ago. Net cash provided by operating activities was PHP 7,864,000 against net cash used in operations of PHP 30,884,000 a year ago. Acquisition of property and equipment and intangibles was PHP 986,000 against PHP 77,000 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.