ALLHOME POSTS 30% EARNINGS HIKE
Listed AllHome Corp. has posted a 30% jump in net income for the first three months of 2020 to P270.2 million, from P207.1 million for the same period last year.
Total revenues for the first three months increased by 41% to P3.4 billion, from P2.4 billion in the same period in 2019 with the growth mainly driven by the additional contribution from the new store openings according to AllHome chairman Manuel B. Villar, Jr.
“We are very pleased with our performance, which remained strong even with the eruption of Taal volcano and the Enhanced Community Quarantine (ECQ) due to the COVID 19 Pandemic,” he added.
The company’s total assets as of March 31, 2020 was at P19.9 billion, increasing from P19.7 billion on December 31, 2019, according to Camille A. Villar, company vice chairman.