RRHI hikes profit to bil­lion

Manila Bulletin - - Business -

Robin­sons Re­tail Hold­ings, Inc. (RRHI) reg­is­tered a 5.8 per­cent growth in at­trib­ut­able net in­come to R3.49 bil­lion in the first nine months of 2017 from R3.30 bil­lion in the same pe­riod last year de­spite lower for­eign ex­change gains and higher tax­able in­come. Core net earn­ings (net in­come ex­clud­ing in­ter­est, eq­ui­tized net earn­ings from the 40 per­cent stake in Robin­sons Bank and un­re­al­ized forex gains/losses), in­creased by 12.9 per­cent year-on-year to R3.12 bil­lion from R2.77 bil­lion in the same pe­riod last year pri­mar­ily due to the 16.0 per­cent in­crease in op­er­at­ing in­come. (JAL)

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