Roxas Holdings Inc. Announces Earnings Results for the First Half Ended March 31, 2012; Provides Earnings Guidance for the Year 2012
May 13, 2012
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Roxas Holdings Inc. announced earnings results for the first half ended March 31, 2012. For the period, the company reported net income of PHP 332 million. EBITDA reached PHP 1 billion, a major improvement relative to previous level. Revenues dipped to PHP 3.5 billion against PHP 4 billion a year ago, primarily due to a sharp drop in the selling prices of sugar from its year ago level.
The company also expect to sustain the momentum and deliver positive results by the year end 2012.
Roxas Holdings, Inc. is a Philippines-based sugar and energy company. The Company is engaged in the integrated sugar business and ethanol production in the Philippines. The Company operates through two segments: Sugar and Alcohol. Its Sugar segment consists of two operating subsidiaries: Central Azucarera Don Pedro, Inc. (CADPI) and RHI Agri-Business Development Corporation (RABDC), which manufactures and sells raw and refined sugar, molasses and provides tolling and farm operations services. CADPI also manages and operates agricultural land and the planting and cultivation of sugar cane and other farm products. The Alcohol segment consists of one operating subsidiary, San Carlos Bioenergy, Inc. (SCBI), which manufactures and sells bioethanol fuel. SCBI operates an integrated sugar mill and bioethanol distillery complex.
ROXAS HOLDINGS, INC. 
