RRHI earnings lower at P1.8 billion

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

Robinsons Retail Holdings, Inc. (RRHI)reported a 21.3 percent drop in attributable net income to P1.8 billion in the first semester of the year due to higher interest payments and the shift in accounting standard to PFRS 16.

In a disclosure to the Philippine Stock Exchange, the firm said it recorded a 27.7 percent increase in consolidated net sales to P77.2 billion in the first half of 2019.

The supermarket segment now accounts for 54 percent of the firm’s entire business, from 46 percent in the same period last year pre-Rustan. In the second quarter of 2019, the company reflected the year-to-date impact of adopting the new accounting standard on leases effective January 1, 2019.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 25. in AR
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Argentina Últimas Noticias, Argentina Titulares