ROBINSONS Retail Holdings Inc. on Thursday said its net income reached P1.6 billion in the second quarter which is more than double the P724 million in the same comparable period.
The total is also higher by 44.7 percent compared to the second quarter in 2019 or its pre-pandemic level, RRHI told the stock exchange.
The Gokongwei-led firm attributed the surge in profitability to good operating performance and full quarter impact of austerity measures implemented last year.
Robinsons Department Stores, Shopwise, The Marketplace, True Value, Southstar Drug Store, No Brand and Toys R’ Us are among the brands under RRHI’s portfolio.