AllHome nets P1B in 2020

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    AllHome Corp. said profit last year reached P1 billion, down 4.76 percent from the prior year’s P1.05 billion.

    Sales reached P12.4 billion, up 3 percent from 2019’s P12.04 billion.

    Gross margin improved to 31.2 percent in 2020 from 29.9 percent in 2019.

    “We are cautiously optimistic with the home improvement industry for 2021. Bolstered by the reopening of the economy and the sustained improvement of our sales since the 3rd quarter of 2020, we resumed with our expansion program.

    We also continued with our innovations to take advantage of the recent trends and introduced a new concept for our appliances category, the AllDigital,” said Manuel Villar Jr., AllHome chairman.