MANILA, Philippines — Grocery retailer Puregold Price Club Inc. grew first-half net income 10.8 percent as stronger sales at its Puregold and S&R businesses boosted earnings.
The Lucio Co-led firm said Thursday that consolidated net income reached P5.87 billion in the first six months, up from P5.30 billion a year earlier. Net margin held at 4.8 percent.
READ: Puregold Q1 profit surged 24% to P3.26B
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“The strong earnings performance was driven by robust topline growth, further supported by an improvement in gross margins amid sustained supplier support,” the company said.FEATURED STORIES
