RRHI Q1 net income up 2.4% to P945M
Robinsons Retail Holdings posted a net income of P945 million for Q1 2021, up 2.4% from the same period in 2020.
Despite a decline in sales by 11.1% to P35.6 billion due to high base effects from panic buying last year, e-commerce sales grew significantly by seven times, driven mostly by GoRobinsons.
The company's president and COO, Robina Gokongwei-Pe, emphasized the need to adapt to customer needs amid a volatile business environment.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics