Xurpas’ Q1 profit up 27%

TECHNOLOGY firm Xurpas Inc. grew its first quarter net profit by 27 percent year-on-year to P59.2 million as mobile consumer and enterprise businesses boosted revenues.

Revenues in the first three months went up by 52 percent to reach P132.23 million, the company disclosed to the Philippine Stock Exchange on Monday.

Cash flow as measured by earnings before interest and taxes grew by 66 percent year-on-year to P85.6 million.

In the same disclosure, Xurpas announced that its board of directors had approved a cash dividend of 4 centavos per share payable to all shareholders of record on May 14, 2015. The cash dividend will be payable on June 2, 2015.