Aug 16, 2022

AllHome, the country’s pioneering one-stop full-line home center, reported a net profit of P525 million in the first half of 2022, 21 percent better than its pre-pandemic performance during the same period of 2019.

In a disclosure to the Philippine Stock Exchange, the firm said revenues reached P6.27 billion in the first half of 2022.

The chain also noted improvements in its gross profit margins, with first half 2022 performance indicating 35.9 percent of revenue versus 33.1 percent in 2021, and 29.5 percent in 2019.

“The country at large has successfully demonstrated and sustained its optimism in the post-pandemic scenario,” said AllHome Chairman Manny B. Villar Jr.

He noted that, “The return to normalcy—as can be seen in the consistent pandemic alert levels and the brisk increases in footfall to malls and centers of commerce.”

Read the full article: https://mb.com.ph/2022/08/16/allhome-exceeds-pre-pandemic-earnings/