MERRYMART Consumer Corp. (MerryMart) saw its net income hit P321.78 million in 2022 following the economy's reopening and the integration of technology into its business.

'We are very happy with the current trajectory of MerryMart wholesale e-commerce platform,' MerryMart Consumer Corp. Chief Financial Officer Hannah Yulo-Luccini said.'

The prototype MerryMart central distribution center in Tarlac will soon be replicated in all 82 provinces in the Philippines with the aim of covering 99 percent of the Philippine consumer market,' she added.'We are continuously improving the platform and will soon be launching various programs for the benefit of our loyal customers, which are expected to further strengthen our position in the market.'Revenues for 2022 totaled P6.72 billion.'

We are pleased to announce that MerryMart has exceeded its original revenue target of P5 billion for the full year of 2022,' MerryMart Chairman Edgar 'Injap' Sia 2nd said.'

As previously set, the next very important goal will be to reach the P12-billion revenue mark as soon as possible, then from that point onwards we expect a far higher velocity of revenue growth toward the P120-billion revenue goal that we have set for 2030.'

The firm also reported assets of P8.43 billion and added that total equity had grown to P2.58 billion.MerryMart's share price rose by a centavo to P1.17 on Tuesday.