AllHome [HOME 7.60 0.52%] [link] FY21 profit soared 46% y/y to P1.4 billion. HOME said that it used “strategic pricing” and pushed more in-house product to bump its gross profit margin up from 31% to 35%.
Universal Robina [URC 121.00 1.68%] [link] FY21 net income ballooned 117% y/y to P23.3 billion. Most of this gain is from the sale of URC’s Oceania business unit; the picture isn’t nearly so rosy at the operations level: operating income from URC’s branded consumer goods segment fell 9%, the agro-industrial segment fell 15%, and the commodity foods segment fell 0.3%. The largest common denominator is the impact of rising commodity/input prices.
Robinsons Land [RLC 20.50] [link] FY21 net income swelled 53% y/y to P8.1 billion. Revenues were up 30%, and Q4/21 net income was up over 108% as compared with Q4/20. RLC said that it is not yet back to pre-pandemic levels, but that it is optimistic that trends will continue to allow it to address the pent-up demand in the real estate sector.
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