Robinsons Retail says 9-month net income up 11.1%


(Source: ABS-CBN News | 14 November 2016)

Robinsons Retail Holdings Inc. said Monday net income attributable to shareholders grew 11.1 percent to P3.3 billion in the first nine months of the year.

The company said the growth was driven by robust same store sales growth, sales contribution of new stores, and sales from Savers Appliances and The Generics Pharmacy.

Net sales for the January to September period reached P73.81 billion, up 16.6 percent from the P63.29 billion posted in the same period last year.

The company has a full-year budget of P5 billion for 2016, P4.29 billion of which was spent in the first nine months of the year.

Robinsons Retail shares were down 5.13 percent to P74 on Monday.


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