Robinsons Retail says 2022 net income, net sales eclipse pre-pandemic level

ABS-CBN News

<p>MANILA - Robinsons Retail Holdings said on Thursday it posted a record P5.7 billion net income attributable to equity holders of the parent company in 2022.</p><p>Last year&#x27;s earnings is 26.7 percent higher compared to 2021 and also &quot;eclipsing the pre-pandemic level&quot; in 2019 by 41.2 percent, the Gokongwei-led firm told the stock exchange. </p><p>Core income, excluding FX, interest income from bonds, equitized earning from Robinsons Bank and others, rose by 39.1 percent to P5.3 billion, another record high, it added.</p><p>&quot;The surge in profitability is underpinned by positive contributions from all business segments coming from category mix improvements and operating efficiencies,&quot; RRHI said. </p><p>Meanwhile, consolidated net sales reached P178.8 billion in 2022, higher by 16.6 percent than the previous year and also higher than the pre-pandemic level, the company said. This was driven by same store sales growth as well as new store openings, it added.</p><p>&quot;We are pleased with our operating performance in 2022. Building on the momentum last year, our company will continue to take advantage of the economy’s return to normal,&quot; said Robina Gokongwei Pe, President and CEO of Robinsons Retail Holdings.</p><p>&quot;We will focus on improving store efficiency and increasing market coverage with more stores in the pipeline for 2023,” she added.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/04/22/rrhi-says-net-sales-net-income-surpass-pre-pandemic-levels">Robinsons Retail says net sales, net income surpass pre-pandemic levels in Q2</a></li>	<li><a href="https://news.abs-cbn.com/business/02/17/21/robinsons-retail-e-commerce-gorobinsonsph-portfolio-no-brand-handyman">GoRobinsons.ph expands portfolio with No Brand, Handyman: RRHI</a></li>	<li><a href="https://news.abs-cbn.com/business/11/09/22/robinsons-posts-solid-performance-in-q3-on-back-of-easing-restrictions">Robinsons Retail posts &#x27;solid performance&#x27; in Q3 on back of easing restrictions</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1678471" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Robinsons Retail Holdings said on Thursday it posted a record P5.7 billion net income attributable to equity holders of the parent company in 2022.

Robinsons Retail says 2022 net income, net sales eclipse pre-pandemic level | ABS-CBN

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Robinsons Retail says 2022 net income, net sales eclipse pre-pandemic level

Robinsons Retail says 2022 net income, net sales eclipse pre-pandemic level

ABS-CBN News

Published Feb 02, 2023 08:53 AM PHT

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