Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, said it posted a record attributable net income of P5.73 billion last year, some 26 percent higher than the previous year’s P4.52 billion. Know more:
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, said it posted a record attributable net income of P5.73 billion last year, some 26 percent higher than the previous year’s P4.52 billion.Earnings per share rose by 30 percent for the full year to P3.85 per share, supported by the company’s ongoing stock buyback program.
Revenues for the 12-month period rose 16 percent to P178.82 billion from the previous year’s P153.32 billion.“In 2022, our businesses directly benefitted from the economy’s gradual return to normalcy, including back to face-to-face classes in schools, increased travel and tourism, and the first normal holiday season in two years,” the company said.
“Building on the momentum last year, our company will continue to take advantage of the economy’s return to normal. We will focus on improving store efficiency and increasing market coverage with more stores in the pipeline for 2023,” Robina Gokongwei Pe, the company’s president and CEO, said. The company announced last month that it would purchase a minority stake in Bank of the Philippine Islands.
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