Xurpas profit gets lift from enterprise business

MOBILE TECH firm Xurpas, Inc. said its net profit rose by almost a third in the three months to September, buoyed by the strong performance of its enterprise business.

In a regulatory filing, Xurpas said its third quarter net income reached to P60.399 million, up by around 29% from P46.767 million seen during the same period in 2015.

For the nine months to September, Xurpas booked P192.905 million in net earnings, higher by 19%, from the comparable period’s P162.381 million.

Xurpas President and Chief Operating Officer Raymond Gerard S. Racaza said the listed firm is on track to finishing strong this year as it pursues efforts to expand its businesses.

“What you are seeing as of the third quarter of this year does not yet include our newly launched game titles, which are slated for introduction over the next few months. Together with our investment in Art of Click, we are confident of a very strong finish for 2016. We will continue to focus on the bigger, longer-term opportunities, as we build the products, services, and platform infrastructure to deliver transformative technologies and business models for emerging markets,” Mr. Racaza was quoted as saying in a separate statement.

Total revenues during the 9-month period was at P1.13 billion, a 121% increase from P508.65 million. A service provider to telecommunication companies, the company’s mobile consumer services increased 52% year on year to P575.37 million.

Revenues for mobile enterprise services jumped 543% to P486.86 million for the first three quarters of 2016 — now comprising 43% of the company’s business, behind the full consolidation of Yondu, Inc., a technology solutions company, in December.

Xurpas Chief Executive Officer Jose Nico S. Nolledo for his part said the mobile tech company currently building a “unifying” platform to consolidate its different businesses. —