Higher sugar sales drive Roxas Holdings profit hike

Thursday that revenues for the first quarter of crop year 2018 climbed 39 percent due to higher sugar sales.

In a disclosure, RHI said consoli ending December 31, 2017 reached billion posted a year earlier.

Volume of raw sugar sold jumped 189 percent year-on-year to 786,

the sale of inventory from the previous crop year.

revenues and realized investment in its plants.

Meanwhile, earnings before interest, taxes, depreciation and

previous year, carryover inventory sold during Q1 2018 reduced debt level executive vice president and chief

Given the strong performance - ings cut its net loss by 2 percent to 2017, the company said.

- holder of RHI. In early 2015, First - cent by buying treasury shares worth