C06178-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 13, 2015
2. SEC Identification Number
A200117708
3. BIR Tax Identification No.
219-934-330
4. Exact name of issuer as specified in its charter
Xurpas Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7F Cambridge Centre, 108 Tordesillas St., Salcedo Village, Makati City Postal Code 1227
8. Issuer's telephone number, including area code
(632) 889-6467
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 1,720,000,660
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Xurpas Inc.X

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Xurpas revenues surge 84%, surpassing the Php0.50 billion mark
Background/Description of the Disclosure

Technology company Xurpas Inc. reported an 84% increase in revenues, breaching half a billion pesos for the first time. The firm’s 9M2015 revenues reached new highs at Php508.65 million versus Php276.10 million the previous year. Mobile consumer services continued to contribute the lion’s share of revenues, jumping 66% year-on-year.

Xurpas' gross profit increased by 74% to Php333.93 million from Php191.99 million the previous year, while maintaining strong gross profit margin levels at 66%. Notwithstanding non-recurring expenses from aggressive acquisitions and investments during the period, Xurpas' operating income soared by 35% to Php239.06 million as of 3Q2015 versus Php177.42 million for the same period in 2014. Operating margin remained a very robust 47%.
Other Relevant Information

The disclosure was amended to clarify certain statements. The changes were highlighted accordingly.
Filed on behalf by:
Name Mark Gorriceta
Designation Assistant Chief Information Officer