I got a dose of a much-needed health calibration I mean physical, mental, emotional, and in a way, spiritual, at the newly launched Niyama Wellness Center at Anya Resort Tagaytay.
Roxas and Company Inc. (RCI) on Wednesday said its units are positioned for a strong recovery in the coming months on the back of strong global demand for coconut products, a highly anticipated travel resurgence, and its real estate ventures. Roxas Sigma Agriventures Inc. is ramping up production following the…
Roxaco sells Nasugbu properties to Sta Lucia Realty bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
December 18, 2020 | 12:06 am Font Size
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LISTED sugar and ethanol producer Roxas Holdings, Inc. (RHI) posted an attributable net loss of P3.81 billion for its 2020 fiscal year that ended on Sept. 30 despite cutting its net debt.
In a stock exchange disclosure on Thursday, the sugar company said its result for 2020 is worse than its 2019 losses of P1.88 billion.
Revenues of RHI dropped 41.1% to P4.8 billion against P8.15 billion in the previous year.
Further, the company said its net debt dropped 55.1% to P4.4 billion compared with P9.8 billion a year ago due to the completion of its asset sale.
RHI Chairman Pedro E. Roxas said funds from the sale of company assets such as its sugar mill and ethanol plant in La Carlota City, Negros Occidental, and investment properties like shares in Najalin Agri-Ventures, Inc. were used to pay all long-term loans.