Robinsons Retail Holdings Inc. said its attributable income for the nine months of the year grew 62 percent to P4.4 billion from the previous P2.71 billion on higher sales. Know more:
Robinsons Retail Holdings Inc. said its attributable income for the nine months of the year grew 62 percent to P4.4 billion from the previous P2.71 billion on higher sales.
“Robinsons Retail’s stellar performance in the third quarter validates our view that the retail climate in the Philippines remains healthy notwithstanding rising inflation. Sustained reopening trends have translated to higher volumes and operating leverage. We continue to invest in our multi-format categories, be it in the offline or online channels, as we remain steadfast in our commitment to provide quality products and services,” said Robina Gokongwei Pe, the company’s president and CEO.
Meanwhile, core net earnings, or its net income excluding foreign exchange movements, interest income from bonds, equitized net earnings from Robinsons Bank, and others, surged by 91 percent to P1.44 billion for the quarter from the previous year’s P756 million.
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