Robinsons Retail Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 29, 2018 at 03:47 am EDT
Share
Robinsons Retail Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net sales of PHP 31,358 million compared to PHP 27,695 million a year ago. Operating income was PHP 1,627 million compared to PHP 1,508 million a year ago. Net income attributable to equity holders of the parent company was PHP 1,211 million or PHP 0.87 per share compared to PHP 1,210 million or PHP 0.87 per share a year ago. Core net earnings were PHP 1,232 million compared to PHP 1,130 million a year ago. EBITDA was PHP 2,245 million compared to PHP 2,036 million a year ago.
For the nine months, the company reported net sales of PHP 91,817 million compared to PHP 81,180 million a year ago. Operating income was PHP 4,655 million compared to PHP 4,223 million a year ago. Net income attributable to equity holders of the parent company was PHP 3,832 million or PHP 2.77 per share compared to PHP 3,491 million or PHP 2.52 per share a year ago. Core net earnings were PHP 3,519 million compared to PHP 3,122 million a year ago. EBITDA was PHP 6,384 million compared to PHP 5,740 million a year ago. The company spent a total of PHP 2.9 billion in capital expenditures for the first nine months of 2018.
Robinsons Retail Holdings, Inc. is a Philippines-based multiformat retailer. The Company's divisions include Supermarket, Department Store, Do-It-Yourself (DIY), Convenience Store, Drug Store and Specialty Store. The Supermarket division operates under five formats: Robinsons Supermarket, Robinsons Easymart, The Marketplace, Shopwise and No Brand. The Department Store division includes Robinsons Department Store, which offers local and international brands that are grouped into categories, such as shoes, bags and accessories (including beauty and personal care), ladies' and men's wear, children's wear, household items and others. The DIY division includes brands, such as Handyman Do it Best, True Value and True Home. The Convenience Store division operates Uncle John's, which is a 24-hour convenience store chain. The Drug Store division operates three formats: South Star Drug, Rose Pharmacy and TGP. The Specialty Store division is the lifestyle arm of the Company.