Berjaya Philippines, Inc. booked a single-digit growth in the quarter ending January 2018, as the company recorded higher sales in its luxury automobiles segment.
In a regulatory filing posted on Wednesday, March 14, the listed firm reported a net income attributable to the parent of P194 million in the three months ending January, up by 3% from the P188 million it booked in the same period a year ago.
Revenues grew at a faster pace, picking up 26% in the same period to P6.87 billion against P5.45 billion in the three months ending January 2016.
This pushed Berjaya Philippines’ nine-month attributable profit to P624 million, jumping 76.8% year-on-year, while revenues gained 9.33% to P21.3 billion. Earnings per share in the company meanwhile stood at six centavos.
“The increase was primarily due to a higher revenue contribution from H.R. Owen in the financial period under review,” the company said, adding that it also benefited from fluctuations of the British Pound to the Philippine Peso during the period. — Arra B. Francia
