Max's Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:52 am EDT
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Max's Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 2,996.44 million compared to PHP 2,816.71 million a year ago. Net income was PHP 168.32 million compared to PHP 239.2 million a year ago. Basic earnings per share from continuing operations was PHP 0.22 compared to PHP 0.31 a year ago. Diluted earnings per share from continuing operations was PHP 0.22 compared to PHP 0.31 a year ago.
For the six months, revenue was PHP 5,850.18 million compared to PHP 4,983.32 million a year ago. Net income was PHP 245.38 million compared to PHP 280.67 million a year ago. Basic earnings per share from continuing operations was PHP 0.31 compared to PHP 0.36 a year ago. Diluted earnings per share from continuing operations was PHP 0.31 compared to PHP 0.36 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. 
