Metro Retail income reaches P789m

Mar 21, 2017Updated Jun 4, 20251 min read

Cebu-based Metro Retail Stores posted P789 million (US$15.7 million) net income last year, up from P758 million in 2015.

Net sales for the fourth quarter grew 7.4 per cent to P10.67 billion, reports the retailer, part of the Gaisano Malls group.

Sales grew steadily during the quarter, says the Visayan retailer, with overall net sales hitting P34.4 billion for the year, up by P2.1 billion.

During the year the company ramped up its supply chain and logistics modernization program. It inaugurated a warehouse in Cebu, and bought delivery trucks equipped with tracking devices.

Chairman/CEO Frank Gaisano says the company is looking to sustain this growth trajectory this year, with initiatives in place to boost sales and improve store-by-store profitability.

The company has a 50-strong store network – 25 supermarkets, 13 hypermarkets and 12 department stores.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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