ROBINSONS Retail Holdings, Inc. (RRHI) reported a 35.66% decline in first-quarter (Q1) attributable net income to P489 million and declared a dividend totaling about P2.13 billion.
Attributable net income fell from P760 million a year earlier, as higher interest expenses linked to acquisition financing and share buyback activity, as well as losses from equity investments, weighed on results, the company said in a statement on Thursday.
Core net earnings, however, rose 6.2% to P1.32 billion, supported by stronger sales performance and steady operating margins.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
