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.
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