Upson posts 33% net income growth

By Ed Paolo Salting

Apr 18, 2023 12:17 am

NEWLY listed retailer Upson International Corp. on Monday reported a net income of P537.86 million for 2022, 33.25 percent higher than the P403.64 million posted the previous year.

In a disclosure to the Philippine Stock Exchange, the firm noted that the expansion of its retail branch network, which added 24 new branches to an existing 183 shops, had driven the profit growth.

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