Roxas Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 13, 2023
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Roxas Holdings, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was PHP 364.61 million compared to PHP 2,818.94 million a year ago. Net loss was PHP 384.71 million compared to PHP 96.34 million a year ago. Basic loss per share from continuing operations was PHP 0.25 compared to PHP 0.06 a year ago. Diluted loss per share from continuing operations was PHP 0.25 compared to PHP 0.06 a year ago.
For the nine months, sales was PHP 6,054.35 million compared to PHP 6,128.06 million a year ago. Net loss was PHP 970.96 million compared to PHP 587.83 million a year ago. Basic loss per share from continuing operations was PHP 0.63 compared to PHP 0.38 a year ago. Diluted loss per share from continuing operations was PHP 0.63 compared to PHP 0.38 a year ago.
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. 
