PUREGOLD Price Club, Inc. reported a 4.1% increase in its net income to P2.05 billion from last year’s P1.97 billion after booking higher sales boosted by newly opened stores and eased mobility restrictions. READ:
“Sales had an uplift as mobility eased further in the second quarter. Total traffic to all stores increased by 10% versus the same period last year,” the company said in a press release on Tuesday.
In the first six months, the company registered a net income of P4.2 billion, a 5.3% jump from last year’s P3.99 billion. It also posted a 7.9% increase in net sales for the semester to P82.24 billion from P76.18 billion a year earlier. The company added nine additional Puregold stores during the first half of the year, bringing the total number of Puregold group stores countrywide to 507 as of the end of June.
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