Paxys, Inc. Reports Earnings Results for the Quarter and Year to Date Ended June 30, 2018
August 14, 2018 at 12:50 am EDT
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Paxys, Inc. reported earnings results for the quarter and year to date ended June 30, 2018. For the quarter, gross revenue was PHP 23,909,000 compared to PHP 18,410,000 a year ago. Net operating income was PHP 21,318,000 compared to PHP 18,410,000 a year ago. Income before tax was PHP 4,055,000 compared to PHP 4,021,000 a year ago. Net income attributable to parent equity holder was PHP 4,055,000 compared to PHP 4,021,000 a year ago. Earnings per share on basic and diluted basis were PHP 0.01 compared to PHP 0.01 a year ago.
For year to date, gross revenue was PHP 45,300,000 compared to PHP 41,463,000 a year ago. Net operating income was PHP 44,261,000 compared to PHP 35,479,000 a year ago. Income before tax was PHP 6,976,000 compared to PHP 7,553,000 a year ago. Net income attributable to parent equity holder was PHP 6,976,000 compared to PHP 7,553,000 a year ago. Earnings per share on basic and diluted basis were PHP 0.01 compared to PHP 0.01 a year ago. Net cash used in operating activities was PHP 3,708,000 compared to PHP 8,616,000 a year ago. Acquisition of property and equipment and intangibles was PHP 3,108,000 compared to PHP 250,000 a year ago. EBITDA was PHP 7,750,000 compared to PHP 8,332,000 a year ago. Return on equity was 0.1% compared to 0.05% 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 in United States, United Kingdom, Australia, and Canada.