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December 12, 2013

RHI hits record-high NIBT, EBITDA

Roxas Holdings, Inc. (RHI) yesterday reported all-time high net income before tax (NIBT) of PhP715 million, and EBITDA of PhP1.72 billion for fiscal year 2013 ending September 30 and net income after tax (NIAT) of PhP473 million. 
"The record performance is due to higher margins, lower operating expenses, lower financing costs, and reduced net operating loss for Roxol, which became significantly profitable during the last quarter of FY 2013," RHI Chairman Pedro E. Roxas explained. 
President & CEO Renato C. Valencia said sugar continues to be the main income driver for the Group. “Although Roxol lost PhP38.9 million last year, it started fully operating mid-June of this year and should be profitable for the coming fiscal year,” he added. 
Mr. Roxas also announced the appointments of key officers, namely: Arcadio Lozada, Jr. as President & COO of Central Azucarera Don Pedro, Inc. (CADPI), a subsidiary, and concurrently, Group EVP for Operations effective January 1, 2014; Ferdinand Joseph T. Escobal as SVP for Corporate Planning, Research, Communications, and CSR; and Felixberto T. Monasterio as VP for Feedstock Supply, and concurrently, Group Deputy Head for Marketing & Trading. 
Mr. Lozada is an industry veteran who has worked in various sugar organizations here and abroad. 
Mr. Escobal is a seasoned corporate planning and communications professional who has institutionalized best practice strengths-based strategic thinking for leading organizations in the ASEAN region. 
Mr. Monasterio is a former banker and an agribusiness specialist who served as Executive Director of the Sugar Master Plan Foundation, Inc.

Roxas Holdings, Inc. (RHI), a bio-sugar and bio-energy company, is the largest integrated sugar business in the Philippines. It manages sugar miller/refiner Central Azucarera Don Pedro, Inc. in Nasugbu, Batangas; San Carlos Bioenergy, Inc. in San Carlos, Negros Occidental; and RHI Agri-business Development Corporation.

RHI is listed in the Philippine Stock Exchange (PSEi: ROX). Further information can be obtained by visiting the web at