Net sales and other operating income lifted by three times over the 2011 earnings of supermarket chain operator Puregold Price Club Inc.
In a report to the Philippine Stock Exchange on Thursday, Puregold said its 2011 net income reached P1.54 billion, or three times more than the P510.37 million in 2010.
Net sales improved to P38.99 billion from P29.11 billion, while other operating income jumped to P1.05 billion from P780.67 million.
Operating expenses rose to P3.57 billion from P2.70 billion.
On Monday, Puregold said it is studying the possibility of buying and merging with S&R Membership Shopping.
The supermarket chain opened its 101st store — its first in Benguet province and one of 25 new stores Puregold plans to open this year. — CMA/VS, GMA News
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