News Formal

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

  • 📰 bworldph
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Semirara Mining’s earnings climb to nearly P11 billion - BusinessWorld OnlineSEMIRARA Mining and Power Corp. (SMPC) reported a second-quarter net income of P10.8 billion, nearly triple the P4 billion a year ago, driven by higher coal and electricity prices. READ:
Source: bworldph - 🏆 9. / 68 Read more »

RFM earnings down by 3.5% to P355M - BusinessWorld OnlineRFM Corp. reported an attributable net income of P355 million in the second quarter, a 3.5% decrease from the P368 million posted last year on higher input costs. READ:
Source: bworldph - 🏆 9. / 68 Read more »

Vitarich earnings rise 18% to P107M - BusinessWorld OnlineVITARICH Corp. on Thursday announced that its second-quarter net income attributable to equity holders rose by 18.2% to P106.91 million from P90.42 million. READ:
Source: bworldph - 🏆 9. / 68 Read more »