April 23, 2018 6:13 AM ET

Beverages

Company Overview of Macay Holdings, Inc.

Company Overview

Macay Holdings, Inc., through its subsidiary, ARC Refreshments Corporation, bottles, manufactures, and distributes carbonated soft drinks in the Philippines. It provides cola flavored soft drinks under the RC Cola and RC Cola Free brands; orange flavored carbonated soft drink under the Fruit Soda Orange brand; cloudy lemon flavored carbonated soft drink under the Juicy Lemon brand; rootbeer flavored carbonated soft drink under the Arcy's Rootbeer brand; lemon-lime flavored carbonated soft drink under the Seetrus brand; and lemon, lemon-lime, root beer, and orange flavored carbonated soft drinks under the Rite-‘N-Lite brand, as well as bottles Extra Joss, an energy drink in ready-to-drink for...

137 Yakal Street

San Antonio Village

Makati City,  1203

Philippines

1,410 Employees

Phone:

63 2 893 0733

Key Executives for Macay Holdings, Inc.

Macay Holdings, Inc. does not have any Key Executives recorded.

Macay Holdings, Inc. Key Developments

Macay Holdings, Inc. Reports Audited Consolidated Earnings Results for the Year Ended Dec. 31, 2017

Macay Holdings, Inc. reported audited consolidated earnings results for the year ended Dec. 31, 2017. For the year, the company reported revenues of PHP 10,727,171,749 compared to PHP 11,378,313,250 a year ago. Profit before income tax was PHP 2,317,070,648 compared to PHP 2,534,136,708 a year ago. Net income was PHP 1,631,360,829 or PHP 1.53 per basic/diluted share compared to PHP 1,818,564,071 or PHP 1.70 per basic/diluted share a year ago. Net cash from operating activities was PHP 3,057,262,503 compared to PHP 2,438,316,836 a year ago. Additions to property, plant and equipment were PHP 393,733,304 compared to PHP 422,189,052 a year ago. Return on assets was 0.16% compared to 0.22% a year ago. Return on equity was 0.22% compared to 0.31% a year ago.

Macay Holdings, Inc. Announces Management Changes

On April 10, 2018, the Board of Directors of Macay Holdings Inc. announced demise of Fernando R. Balatbat, Corporate Treasurer, Corporate Compliance Head, Nominations Committee Member and Audit Committee Member. The company appointed Carolyn S. Yao as Nominations Committee Member, Jeffrey S. Yao as Audit Committee Member and Corporate Treasurer and Roberto A. Atendido as Compliance Head, effective April 10, 2018.

Macay Holdings, Inc. Approves Amendment of By-Laws

Macay Holdings, Inc. announced that, on April 6, 2017, at a regular meeting of the board of directors, upon motion made and duly seconded, the board of directors approved the amendment of By-Laws with respect to the change in the date of the annual/regular meeting of stockholders. The proposed amendments to the By-Laws were approved during the company's annual stockholders' meeting held on June 28, 2017 at Makati Diamond Residences, Makati City. The Securities and Exchange Commission (SEC) approved the amendments to the Company's By-Laws on October 2 2017.

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