Roxas Holdings, Inc. Provides Earnings Guidance for the Year 2017
February 16, 2017 at 04:58 am EST
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Roxas Holdings, Inc. is allotting up to PHP 1.7 billion for capital expenditures (capex) this fiscal year with the aim of quadrupling its net income to PHP 400 million from PHP 102 million in 2016. The company targeting a 31% growth in earnings before interest, taxes, depreciation and amortization (EBITDA) to PHP 1.7 billion from PHP 1.3 billion last fiscal year. The company planning to spend PHP 1.5 billion to PHP 1.7 billion to complete plant upgrades and expansion programs started last year with about PHP 1 billion of capex allotted for its sugar business.
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. 