Robinsons Retail H1 profit surges to P7B

By Earl John Alfaro

Jul 31, 2024 12:32 am

GOKONGWEI-LED Robinsons Retail Holdings Inc. (RRHI) said Tuesday that net income for the first half of 2024 had more than tripled to P7.08 billion, from P2.08 billion in the same period last year, on higher gross profit and operating efficiencies.

Core net income for January to June grew 12.1 percent to P2.65 billion from P2.36 billion a year ago while net sales rose 4.4 percent to P22.48 billion from P21.5 billion, the firm told the stock exchange.

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