MANILA, Philippines — Robinsons Retail Holdings Inc. (RRHI) reported a 6.4 percent drop in its first-half core net income as higher operating expenses and the Middle East conflict weighed on its performance. On Friday, the Gokongwei-led retailer said it booked P2.6 billion in core net income from January to June. READ: Robinsons Retail posts higher Q1 core profit but bottom line dips Furthermore, the figure excludes foreign exchange gains or losses, interest income from bonds, equity in earnings from associates, interest expense related to the BPI shares and other items. Despite the earnings decline, consolidated net sales grew by 8.4 percent […]...

Keep on reading: RRHI first-half profit falls 6.4% to P2.6B