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Last $2.34 PHP
Change Today +0.01 / 0.43%
Volume 3.1M
I On Other Exchanges
As of 3:20 AM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

i-remit inc (I) Snapshot

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52 Week High
10/2/15 - $2.95
52 Week Low
06/10/15 - $1.02
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Average Volume 10 Days
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Dividend Yield
Current Stock Chart for I-REMIT INC (I)

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i-remit inc (I) Details

I-Remit, Inc. provides fund transfer and remittance services to the overseas Filipino workers (OFWs) and other migrant workers worldwide. It primarily offers bank-to-bank, a facility for same-day online crediting to bank account in the Philippines; door-to-door that delivers cash remittances to designated beneficiaries through third-party couriers; and notify-to-pay, which allows to pick-up a remittance in I-Remit’s pay-out stations within 24 hours. The company also provides Visa card, a debit and ATM (automated teller machine) card through which remitters can send money to their beneficiaries instantaneously; short message service to encash remittances through G-Cash and Smart Padala encashment centers and ATMs; and iRemit direct online remittance system, an Internet-based remittance service that offers online remittance services. In addition, it offers auxiliary services, such as liaising and coordinating with, and accepting and distributing membership contributions, loan amortization payments, and premium payments to various government and non-government entities, as well as various insurance, pre-need, and real estate companies. Further, the company provides management consultancy, and financial advisory and other services. I-Remit, Inc. was incorporated in 2001 and is headquartered in Pasig City, the Philippines.

324 Employees
Last Reported Date: 04/16/15
Founded in 2001

i-remit inc (I) Top Compensated Officers

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i-remit inc (I) Key Developments

I-Remit, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

I-Remit, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenue of PHP 155,143,889 against PHP 181,371,919 a year ago. Loss before tax was PHP 8,140,600 against PHP 622,769 a year ago. Net loss attributable to parent equity holder was PHP 10,616,279 or PHP 0.01 per share basic against PHP 2,307,410 or PHP 0.0 per share a year ago. For the six months, the company reported operating revenue of PHP 335,831,731 against PHP 398,596,370 a year ago. Profit before tax was PHP 31,789,444 against PHP 36,905,851 a year ago. Net income attributable to parent equity holder was PHP 24,740,168 or PHP 0.04 per share basic against PHP 29,281,420 or PHP 0.04 per share a year ago.

I-Remit, Inc. Declares Cash Dividend, Payable on or Before September 11, 2015

The board of directors of I-Remit, Inc. in the organizational board meeting following the annual stockholders' meeting on July 17, 2015, authorized the declaration of cash dividend of PHP 0.0326 per share, out of the corporation's unrestricted retained earnings, payable to all stockholders-of-record of the corporation as of August 14, 2015. Payment date will be on or before September 11, 2015.

I-Remit, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

I-Remit, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of PHP 180,687,842 compared to PHP 217,224,451 a year ago. Profit before tax was PHP 39,930,044 compared to PHP 37,528,620 a year ago. Profit was PHP 35,356,447 compared to PHP 31,588,830 a year ago. Profit attributable to equity holders of the parent was PHP 41,729,554 or PHP 0.058 per basic share compared to PHP 32,460,798 or PHP 0.052 per basic share a year ago. Net cash used in operating activities was PHP 349,237,799 compared to net cash from operating activities of PHP 4,968,749 a year ago. Additions to property and equipment were PHP 2,360,566 compared to PHP 2,765,842 a year ago. Return on equity (ROE) was 2.8% and return on assets was 1%. Revenues decreased mainly due to lower Delivery fees by PHP 24.0 million or -16.5% from PHP 145.1 million in First Quarter 2014 to PHP 121.1 million in First Quarter 2015 and lower foreign currency gain realized by PHP 12.5 million or -17.4% from PHP 71.9 million in First Quarter 2014 to PHP 59.4 million in First Quarter 2015.


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Valuation I Industry Range
Price/Earnings 100.0x
Price/Sales 2.0x
Price/Book 1.1x
Price/Cash Flow 77.8x
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