AllDay Marts Inc. recorded profit of P301.76 million last year, down from P386.49 million the prior year.
The company said core profit grew 12 percent to P374 million compared to P334 million.
Revenues went up 3.2 percent to P9.76 billion compared to P9.46 billion.
AllDay said gross profit last year grew 7.52 percent to P2 billion compared to the prior year’s P1.86 billion. Earnings before interest depreciation and amortization (EBITDA) also grew 11.1 percent P902 million.
“It is worth noting that there were numerous challenges to sustaining AllDay’s performance going into the post-pandemic scenario, with a marked change in spending across AllDay’s market. The country has returned to normal, and Filipinos have not only resumed normal spending on travel and leisure–they have done so with a vengeance.
Despite this, AllDay was successful in growing its business in 2022 and continued to elevate the supermarket experience for the Filipino. At the heels of exceptional performances in the pandemic, we are pleased with our 2022 results,” said Manuel Villar Jr., AllDay chairman.
