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Puregold Price Club, Inc. (PGOLD) reported an 18.9% increase in net income from ₱6.77 billion in 2019 to ₱8.05 billion in 2020.
Unaudited, consolidated net sales are reported to be ₱168.8 billion, a 9.2% increase.
73% of net sales comes from the Puregold Stores network, while 27% comes from S&R Membership warehouse clubs and S&R New York Style Pizza stores.
Lucio Co, the Chairman, said, “Our company has achieved a record-breaking year in 2020 despite a lot of challenges due to the Covid-19 pandemic.”
We cannot achieve this without the support and commitment of our suppliers and employees on providing the best product and service to our customers.” Co added.
Source: Manila Bulletin
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