Paxys, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 15, 2018 at 07:24 pm EDT
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Paxys, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company’s gross revenue was PHP 21,391,000 against PHP 23,053,000 a year ago. Income before tax was PHP 2,921,000 against PHP 3,532,000 a year ago. Net income attributable to parent equity holder was PHP 2,921,000 against PHP 3,532,000 a year ago. Book value per share was PHP 1.87. Basic and diluted EPS was PHP 0.004 against PHP 0.004 a year ago. Net cash provided by operating activities was PHP 7,864,000 against net cash used in operations of PHP 30,884,000 a year ago. Acquisition of property and equipment and intangibles was PHP 986,000 against PHP 77,000 a year ago.
Paxys Inc. is a Philippines-based investment holding company. The Company operates through its subsidiary, Scopeworks Asia, Inc. (SWA), which is an export-oriented business process outsourcing company. SWA provides outsourcing services, including data transcription services, customer service, facilities and support services, and back-office services to domestic and foreign institutions, as well as to multinational companies based in the Philippines and abroad. The Company operates in United States, United Kingdom, Australia, and Canada.