RRHI profit down by 33.2% in Q2 as lockdown crimped sales

Gokongwei-led multibrand retailer Robinsons Retail Holdings Inc. (RRHI) saw a 33.2-percent year-on-year decline in second quarter net profit to P719 million with sales weighed down by the shutdown of most stores in line with the government-sanctioned quarantine measures against the COVID-19 pandemic. This brought RRHI’s first semester net income to P1.64 billion, down by 4.1 […]