Puregold posts P8.81 billion net income in 2021

ABS-CBN News

Posted at Apr 27 2022 02:25 PM

The Puregold Mobile interface. The supermarket chain launched the app on Jan. 31, 2019. Jessica Fenol, ABS-CBN News
The Puregold Mobile interface. The supermarket chain launched the app on Jan. 31, 2019. Jessica Fenol, ABS-CBN News

MANILA - Puregold Price Club Inc on Wednesday said its consolidated net income reached P8.81 billion for the year 2021.

This was 1.4 percent higher compared to its P8.07 billion net income in 2020 and significantly better or 20.7 percent higher than its 2019 pre-pandemic income of P6.77 billion, Puregold told the stock exchange.

"The company's resilient performance was underpinned by better margins," the company said.

Puregold said it had opened 30 new Puregold stores and 2 new S&R warehouse clubs.

Currently, Puregold has a total of 499 stores nationwide.

RELATED VIDEO:

Watch more News on iWantTFC