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7-Eleven’s Phl unit (SEVN) earns 28% more

13 Mar

BY UNICAPITAL SECURITIES

The company registered a net income of PHP 873.3 million last year, 28% higher than the PHP 682.6 million earnings in 2013.

“The improved financial performance was largely driven by the increase in sales of all corporate and franchise-operated stores, which posted growth of 19.3% from PHP 17.2 billion in 2013 to PHP 20.6 billion at the end of last year,” PSC said.

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The 7-Eleven licensee ended last year with a total of 1,282 stores nationwide, 273 stores or 27% more than the end- 2013 count of 1,009 stores.

This year, the company also plans to enter Mindanao via Davao and Cagayan de Oro.

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Posted by on March 13, 2015 in Corporate News, SEVN, Stock Market

 

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