Paxys, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 09, 2023 at 01:10 am EDT
Share
Paxys, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was PHP 17.21 million compared to net loss of PHP 0.906 million a year ago. Basic earnings per share from continuing operations was PHP 0.021 compared to basic loss per share from continuing operations of PHP 0.0011 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 through two segments, namely Outsourcing and Others. The Outsourcing segment includes primarily facilities management. The Others segment includes the operations of the parent company.