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Expansion spending drags MRSGI earnings

By Inquirer - 3 days ago
Expansion-related costs pulled down the nine-month earnings of Gaisano-led Metro Retail Stores Group Inc. (MRSGI) despite a modest increase in sales. In a stock exchange filing on Monday, the grocery chain said its net income in the January to September period had dipped by 19.6 percent to P204.7 million. Net sales inched up by 4.2

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