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Robinsons Retail’s earnings surge to nearly P1.6B - BusinessWorld Online

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Robinsons Retail Holdings, Inc. (RRHI) reported an attributable net income of P1.56 billion in the second quarter, more than double last year’s P724 million last year, as operations improved and after applying austerity measures last year. READ:

“Our banners performed very well during the second quarter. Our cost-efficiency efforts have also continued to yield positive results,” RRHI President and Chief Executive Officer Robina Gokongwei-Pe said in a press release on Thursday.

RRHI’s net sales rose by 19.8% to P42.94 billion from last year’s P35.83 and by 7.7% versus the pre-pandemic level. The company attributed this to the 15.5% same-store sales growth . Year to date, RRHI’s attributable net income rose to P2.74 billion, a 64% increase from P64 million in the previous year.

 

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