Metro Retail profit down 33% in 2023

By Brix Lelis

Apr 18, 2024 12:20 am

Excluding one-off gains that included accounting adjustments on leases and insurance claims in 2022, the company's earnings would have only declined by 18.4 percent, MRSGI told the stock exchange on Wednesday.

Total sales, on the other hand, marginally increased to P38.3 billion from P38.1 billion, while comparable same-store sales edged down by 0.8 percent following lower wholesale business contributions.

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