SUMMARY
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MANILA, Philippines – Xurpas’ first quarter revenue rose by 52%, increasing to P132.23 million ($2.96 million) from P86.76 million ($1.94 million) the previous year, the consumer technology firm reported Monday, May 4.
Strong growth across its core mobile consumer and mobile enterprise businesses bolstered Xurpas’ revenue growth.
The company’s earnings before interest and tax (EBIT) grew by 66% for the first quarter to P85.6 million ($1.92 million) versus P51.62 million ($1.16 million) in 2014.
Xurpas’ EBIT margin also increased to 65% from 59% a year ago. The company’s net income for the period was P59.2 million ($1.33 million), for a net margin of 45%.
In the same disclosure, Xurpas also announced that its board of directors approved a cash dividend of P0.04 ($0.0009) per share to all shareholders of record on May 14, 2015.
The cash dividend will be payable on June 2, 2015.
Xurpas ended the April 30 trading day up 1.10% at P9.20 ($0.21). – Rappler.com
$1 = P44.63
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