Max's Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 10:19 pm EDT
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Max's Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 1,779.925 million compared to PHP 1,063.350 million a year ago. Net income was PHP 54.742 million compared to net loss of PHP 431.193 million a year ago. Basic earnings per share from continuing operations was PHP 0.07 compared to basic loss per share from continuing operations of PHP 0.55 a year ago.
For the half year, total revenue was PHP 3,621.361 million compared to PHP 3,787.452 million a year ago. Net income was PHP 390.722 million compared to net loss of PHP 599.703 million a year ago. Basic earnings per share from continuing operations was PHP 0.5 compared to basic loss per share from continuing operations of PHP 0.77 a year ago.
Maxâs Group, Inc. is a Philippines-based company, which is primarily engaged in the business of catering food and establishing, operating and maintaining restaurants, coffee shops, refreshments parlors and cocktail lounges. The Companyâs primary purpose also includes dealing in the business of acquiring and developing any and all trade names, brand names and master franchises, including other intellectual property rights necessary to commence and operate the relevant business enterprises, as well as to grant the use of such trade names, brand names and master franchises for and in consideration of the payment of fees and royalties, and in connection therewith, establish management services for the expansion of the business enterprises. The Company operates under the trade names Maxâs or Maxâs Restaurant, Pancake House, Yellow Cab, Krispy Kreme, Jamba Juice, Maxâs Corner Bakeshop, Dencioâs, Maxâs Kabisera, Teriyaki Boy, Singkit, Sizzlinâ Steak, Le Coeur de France, and Maple.
MAX'S GROUP, INC. 
