Shakey's Pizza Asia Ventures, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported net sales of PHP 1,848,420,828 against PHP 1,638,456,747 a year ago. Income before income tax was PHP 270,341,983 against PHP 262,406,926 a year ago. Net income was PHP 212,409,920 or PHP 0.14 per basic and diluted share against PHP 198,516,775 or PHP 0.13 per basic and diluted share a year ago.

For the six months, the company reported net sales of PHP 3,540,172,802 against PHP 3,245,923,056 a year ago, sales growth rise to plus 13% during the first six months of the year, an increase from the 10% seen in the first quarter. Income before income tax was PHP 511,202,180 against PHP 502,061,493 a year ago. Net income was PHP 396,122,797 or PHP 0.26 per basic and diluted share against PHP 371,348,006 or PHP 0.24 per basic and diluted share a year ago. This represents a growth of 7% year-on-year. Earnings performance can be attributed to the Company's improved same-store sales performance, ongoing store network expansion and sustained net profit margin. Net cash provided by operating activities PHP 343,780,870 against PHP 418,900,302 a year ago. Acquisition of property and equipment was PHP 215,628,218 against PHP 413,480,060 a year ago. Consolidated EBITDA was PHP 724,749,680 against PHP 675,984,089 a year ago. Operating income was PHP 589 million against PHP 594 million a year ago. Net revenue was PHP 3,690 million against PHP 3,377 million a year ago. As of June 30, 2018, the Company had PHP 3.9 billion in interest-bearing debt, having previously paid off PHP 1.0 billion of the PHP 5.0 billion long-term loan incurred for the acquisition of its wholly-owned subsidiaries.

For the year, the company affirms double digit growth target for the year.