Inflation pulled down Metro Retail’s Q1 profit to P50.3M

MANILA, Philippines — The rise in consumer prices hit the first-quarter performance of Metro Retail Stores Group Inc. (MRSGI), registering a 16-percent dip. On Monday, the listed company reported its net income fell to P50.3 million in the first three months from P60 million in the same period a year ago. It, however, remains optimistic
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