Macay Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 15, 2024 at 03:29 am EDT
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Macay Holdings, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was PHP 993.9 million compared to PHP 1,060.16 million a year ago. Net income was PHP 111.83 million compared to PHP 82.55 million a year ago.
Basic earnings per share from continuing operations was PHP 0.1 compared to PHP 0.18 a year ago. Diluted earnings per share from continuing operations was PHP 0.1 compared to PHP 0.18 a year ago.
Macay Holdings, Inc. is a Philippines-based investment holding company for ARC Refreshments Corporation (ARC), ARC Holdings, Inc., Artemisplus Express Inc. (AEI) and Macay Global Ventures Inc. (MGVI). The Companyâs brands include RC Cola, RC Cola No Sugar, Juicy Lemon, Fruit Soda Orange, Seetrus, Arcyâs Rootbeer, Rite âN Lite and Alon. ARC is engaged in the bottling, distribution, marketing and sales of RC Cola and other carbonated drinks in the Philippines. AEI is a canteen concessionaire in the Philippines, which serves clients mainly from BPO, corporate, manufacturing and hospital segments, and the ventured into the sale of packed meals and frozen meals. AEI operates under the trade name Kitchen City. MGVI owns RC Global Beverages Inc. (RCGBI), which has global licensing rights to RC Cola and associated brands in over 100 countries (excluding the United States, Mexico and Canada). RCGBI also develops flavors and provides concentrates for customers in different countries.
MACAY HOLDINGS, INC. 
