Metro Retail Stores Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 08, 2021 at 10:29 pm EDT
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Metro Retail Stores Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 6,929.901 million compared to PHP 6,748.156 million a year ago. Operating income was PHP 29.329 million compared to operating loss of PHP 2.832 million a year ago. Net loss was PHP 55.472 million compared to PHP 92.641 million a year ago. For the half year, total revenue was PHP 13,884.284 million compared to PHP 15,315.074 million a year ago. Operating loss was PHP 38.957 million compared to operating Income of PHP 20.613 million a year ago. Net loss was PHP 181.945 million compared to PHP 84.660 million a year ago.
Metro Retail Stores Group, Inc. is a Philippines-based supermarket, hypermarket and department store operator. The Company's primary purpose is to buy, sell and trade goods, wares and merchandise of every kind and description. The Company's supermarket business is operated under two brand names, Metro Supermarket and Metro Fresh N Easy. The Metro Fresh N Easy, brand name, is used for its smaller scale supermarkets serving as neighborhood stores. Its department stores are operated under the brand, Metro Department Store. The Company's hypermarket retail format is operated under the brand, Super Metro. The Company's hypermarkets are a hybrid between its supermarkets and department stores, providing a broad assortment of basic everyday products. shopmetro.ph, its online platform for both supermarket and department store, allows shoppers to have their orders delivered at their doorstep. It has a total of approximately 62 stores, with a total net selling space of 249,824 square meter.
METRO RETAIL STORES GROUP, INC. 
