Metro Retail swings to P33 million profit in Q1

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Photo from: Wikipedia

By Philstar

Metro Retail Stores Group Inc. (MRSGI) reported a net income of P33.34 million in the first quarter of the year, a turnaround from the P126.47 million net loss it posted in the same period last year.

MRSGI said foot traffic in its stores continues to pick up on the back of more relaxed health protocol restrictions.

“Our positive financial outcome attests to our continuous efforts in increasing efficiency, improving merchandise assortment and sourcing, and expanding omni channel strategy, ‘’ said Metro Retail president and COO Manuel Alberto.

“We will continue to offer a great shopping experience to our existing and future customers and pursue multifaceted initiatives to be positioned for progressive growth,” he said.

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