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Roxas Holdings fiscal Q3 profit climbs 59.5% YOY

Roxas Holdings Inc. said its normalized net income for the fiscal third quarter ended June 30 amounted to 12 Philippine centavos per share, an increase of 21.9% from 10 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 143.8 million pesos, an increase of 59.5% from 90.1 million pesos in the prior-year period.

The normalized profit margin climbed to 4.6% from 4.3% in the year-earlier period.

Total revenue increased 49.9% on an annual basis to 3.12 billion pesos from 2.08 billion pesos, and total operating expenses climbed 49.0% year over year to 2.81 billion pesos from 1.89 billion pesos.

Reported net income grew 39.5% from the prior-year period to 191.1 million pesos, or 16 centavos per share, from 137.0 million pesos, or 15 centavos per share.

As of Aug. 20, US$1 was equivalent to 46.53 Philippine pesos.