Macay Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:37 am EST
Share
Macay Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 2,996.19 million compared to PHP 3,633.22 million a year ago. Net income was PHP 72.45 million compared to PHP 73.93 million a year ago. Basic earnings per share from continuing operations was PHP 0.07 compared to PHP 0.07 a year ago. Diluted earnings per share from continuing operations was PHP 0.07 compared to PHP 0.07 a year ago.
For the nine months, sales was PHP 9,316.09 million compared to PHP 9,138.63 million a year ago. Net income was PHP 240.42 million compared to PHP 43.94 million a year ago. Basic earnings per share from continuing operations was PHP 0.23 compared to PHP 0.04 a year ago. Diluted earnings per share from continuing operations was PHP 0.23 compared to PHP 0.04 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. 
