Metro Retail profit dips to P609M on expansion-related charges - BusinessWorld Online

Metro Retail profit dips to P609M on expansion-related charges - BusinessWorld Online

LISTED retailer Metro Retail Stores Group, Inc. reported a 1.4% decline in net income to P609.42 million in 2024, attributed to expansion-related non-cash charges.  “Due to non-cash charges driven by the company’s ongoing expansion program, net income for 2024 was flattish at P609.42 million compared to the prior year’s P618.02 million,” Metro Retail said in a regulatory filing on Wednesday.  Net sales rose by 3.5% to P39.62 billion from P38.27 …

Metro Retail Net Sales Reach ₱39.62 Billion In 2024 On Expansion, Food Retail Growth

Metro Retail Stores Group, Inc. (MRSGI) reported net sales of P39.62 billion for 2024, a 3.5% increase from P38.27 billion in 2023, driven by its continued expansion and a 4.9% rise in food retail business.