Robinsons Retail net income up 39.2% to P4.5 billion in 2021

Robinsons Retail Holdings, Inc. (RRHI) reported a 39.2% increase in net income attributable to the parent company, reaching P4.5 billion in 2021.

The company's net sales for the year improved by 1.5% to P153.3 billion, with EBITDA increasing by 2.4% to P13.1 billion.

In the fourth quarter of 2021, RRHI's net income doubled to P1.8 billion compared to the same period in 2020.

Net sales in the fourth quarter grew by 7.0% to P44.4 billion, driven by holiday spending and the easing of restrictions to Alert Level 2 in Metro Manila.

E-commerce sales tripled compared to the same period in 2020, contributing 3.9% to total sales.

Same-store sales saw a 2.3% increase, with contributions from drugstores, department stores, convenience stores, and specialty stores.

RRHI President and CEO Robina Gokongwei-Pe highlighted the company's dedication amidst the challenges of Covid-19.