BY ANGPING & ASSOCIATES SECURITIES
Cosco Capital Inc. (COSCO) grew its net profit by 20.0% to PHP 4.0 billion from PHP 3.3 billion the previous year.
Profits of the retail business increased 14.0% year-on-year while real estate leasing rose by 81.0%.
Profits of the compan y’s liquor distribution and specialty retail, meanwhile, grew 12.0% and 54.0%, respectively.
Cosco’s consolidated revenues last year went up 27.0% to PHP 98.8 billion.
Puregold net sales grew 16.0% to PHP 84.7 billion last year due to the strong consumer demand from its 233 Puregold stores and nine S&R Membership stores.