Roxas And Company Bares Business Expansions

Roxas and Company, Inc. (RCI) subsidiaries are positioned to take advantage of strong global coconut product demand, a highly anticipated travel resurgence, and real estate ventures.

Photo Insert: Luning's Probiotics, a product of Roxas Sigma Agriventures, Inc.

Roxas Sigma Agriventures, Inc. (RSAI) is ramping up production following the successful approval and partial release of a P100m loan from DBP in July 2021. August tonnage vs. the same period last year rose 13%, netting a 40% improvement in average throughput year-on-year. The company forecasts up to a 50% increase in full-year revenues vs. 2020.

Since Q1 2020, Roxaco Asia Hospitality Corporation’s (RAHC) four-budget Go Hotels have achieved strong occupancy from high demand for affordable, clean, safe, and health-compliant quarantine locations. RAHC is welcoming corporate clients as it slowly pivots to regular guests.

Anya Resort Tagaytay (ART) is preparing to reopen for NCR clients, where 90% of its visitors come from. It offers room, dining, wellness, and events services with its 78 world classrooms, two restaurants, a heated pool, and a new Spa offer in a secure and serene location. It also caters to conferences, meetings, and family functions.

Various projects in Roxaco Land Corporation (RLC) are in progress. The southward expansion of housing and commercial developments, as well as tollway and utility investments by private firms and government, open compelling options for RLC’s strategically located landbanks.

The Group achieved an overall 89% vaccination rate across its businesses, with RCI companies on track to hit 90% in all companies by early Q4 2021.

a P368m loss a year ago.

In its latest filing, RCI disclosed that its first-half 2021 Revenues improved to P632m, a 250% growth vs. the same period 2020 as its real estate, hospitality, and coconut processing units bucked the pandemic and recession. Its gross margin improved more than four-fold to 60%, allowing the listed firm to narrow its January to June 2021 loss to P98m from a P368m loss a year ago.

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