Puregold net income grew 18.9% to P 8.05 billion in FY 2020

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By: inquirer.net

Manila, Philippines – Puregold Price Club, Inc. (PGOLD) has reported unaudited consolidated net income of Php 8.05 billion in full year of 2020 which represents an 18.9% growth compared to Php 6.77 billion in the same period in 2019. Consolidated Net margin for the period is at 4.8%.

Puregold unaudited consolidated net sales increased by 9.2% to Php 168.63 billion in 2020.  73% of the revenues is attributed from the Puregold Stores network and 27% coming from S&R Membership warehouse clubs and S&R New York Style Pizza stores. Unaudited consolidated Income from Operations grew to Php 13.4 billion in 2020, up by 17.3% compared to Php 11.4 billion during the same period last year. Puregold stores registered same store sales growth (SSSG) of 2.4% in 2020 while S&R registered a SSSG of 8.7% during the same period.

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