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Robinsons Retail Holdings Inc. (RRHI) generated P71.45 billion in sales in the first half of 2021, down 4.7 percent from P74.96 billion in the same period last year.
Profit rose slightly to P1.67 billion from last year’s P1.64 billion.
The company said same store sales growth contracted 10.2 percent.
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“The decline was due to lower sales from Supermarket, which came from a high base in 2020. However, this was partially buoyed by robust sales improvement from the DIY and drugstore segments.
E-commerce sales surged 4x in the first half of the year,” it said.
The improvement in sales, coupled with higher vendor support and better category mix, translated to gross profit of P16.3 billion for the period, up 4.2 percent.
