MacroAsia Corporation is listed in the Philippine Stock Exchange and its stock code is "MAC"   
 
    Our Businesses
   CEBU PACIFIC CATERING SERVICES, INC. (CPCS)

Cebu Pacific Catering Services, Inc. (CPCS) is a joint venture between MacroAsia Corporation (MAC) (40%), Cathay Pacific Catering Services of Hong Kong (40%) and MGO Pacific Resources Corporation (20%).  It started its operations in October 1996 as MAC’s first in-flight catering business undertaking.  CPCS is currently the lone full-service airline catering company at Mactan-Cebu International Airport (MCIA).

CPCS has a two-storey kitchen facility designed and developed by Cathay Pacific Catering Services H.K..  The facility is situated in the Mactan Economic Zone, Lapu-Lapu City, adjacent to MCIA in Mactan, Cebu.  It has the capacity to produce approximately 3,000 meals a day and is currently serving at an average of almost 1,300 meals per day. Among its clients are  Philippine Airlines, Cathay Pacific Airways, Asiana Airlines, Korean Air and Zest Air.

2012 Performance

The Company continued to be profitable in 2012, but recorded a 10% decrease in net earnings compared to 2011.  This decline is mainly because of the stoppage of Qatar Airways’ operation in Cebu.  The airline ceased flying to Cebu starting on the 2nd quarter of 2012.   Like the other companies, CPCS also had to contend with the mandatory increases in wages, resulting into higher labor cost, and the appreciation of Philippine Peso versus US Dollar that impacted on its dollar revenues.

The Company was also recognized by Cathay Pacific through a Hygiene Award, a recognition of CPCS’ consistent compliance with the airline’s food safety and hygiene standards.

 

20123 – Forecast

CPCS, the only in-flight catering company that operates in Mactan Cebu International Airport will continue to offer the best food quality at a competitive price not only to its current domestic and foreign airline clients but also to those charter flights that flies to the island of Cebu.  An increased in its revenue as well as its net earnings is expected in year 2013 as it expects to service new airline clients (mostly charter flights), in addition to its current portfolio.

 

 

1st Avenue Extension, Block B6 MEZ
Lapu-Lapu City 6015 Philippines
Tel. Nos. +63 32 340-8858
Fax Nos. +63 32 340-5358

 

 

 

 

 

 

 


 
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