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RRHI Discloses Net Income Up by 15.3%

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MANILA, Philippines – Robinsons Retail Holdings, Inc. (PSE:RRHI) disclosed its third quarter financial status with a net income growth of 15.3 percent to P1.28 billion from P1.11 billion record last year.

The net income is attributed to equity holders of the parent company. In addition, the company stated that the net revenues are also contributed by the 17.8 percent increase in its operating income.

For the first nine months of the year, the net profit ascribed by equity holders of the parent climbed by 11.1 percent from P2.97 billion to P3.3 billion against last year.

Core net earnings (excluding unrealized forex gains/ losses, equitized net revenues from 40 percent Robinsons Bank share, and interest) rose by 23.7 percent. The total revenues amounted to P1.02 billion for the third quarter. For the nine-month period, the increase was recorded to be a 17.1 percent climb from P2.36 billion to P2.77 billion against last year record of the same period.

Consolidated net sales for the third quarter increased by 16.2 percent to P25.48 billion from P21.94 billion last year. This was pushed by the same-store sales expansion and new stores profit. Saver Appliances, which was acquired last September 2015, also contributed earnings. Lastly, its May 2016-acquired The Generic Pharmacy also augmented returns for the company. Net sales for the nine-month period increased by 16.6 percent from P63.29 billion to P73.81 billion over last year.

Mixed same-store sales rose by 4.7 percent in the third quarter. Specialty stores had 11.8 percent growth, drugstore at 7.4 percent, DIY at 5.1 percent, supermarket at 4.3 percent, and department store at 2.0 percent.

The total store count of the company is now 3,405. This is inclusive of 1,541 Robinsons Retail stores and 1,864 The Generics Pharmacy branches. The gross floor area of the company exceeded the one million square meters mark. At present, the average yearly increase of GFA is 9.2 percent.

Gross margin grew by 20 basis points to 21.9 percent during the third quarter, which is brought by stronger supplier support and wider business scale. Operating yields climbed by 17.8 percent to P1.34 billion. Earnings before interest, tax, depreciation, and amortization (EBITDA) advanced by 18 percent to 1.83 billion. EBITDA margin increased by 7.2 percent, whereas operating profit margin by 5.3 percent against last year records.

The balance sheet of the retail company sustains its solid performance with P26.91 billion worth of liquid marketable securities, cash equivalents, and cash. Borrowings cost remained at P4.81 billion. For its capital expenditures, the company spent P4.29 billion in nine months. This includes the acquisition-intended 85.7 percent of the P5-billion budget for 2016.

Here’s some  additional pieces of information on RRHI.

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-15-2016 at 03:05PM:

  • 11 out of 42 participants or 26.19% of all participants registered a 100% BUYING activity
  • 4 out of 42 participants or 9.52% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 74.6461
  • Top 10 Players’ Selling Average: 74.7123

RRHI - ROBINSONS RETAIL HOLDINGS - Top 10 Players' Sentiment - November 15, 2016

30-day Foreign Fund Flow

On a 30-day trading period, RRHI is on a Net Foreign Selling worth PHP619,030,733.00.

RRHI - ROBINSONS RETAIL HOLDINGS - Foreign Fund Flow - November 15, 2016

Risk Level

RRHI has a low risk level based on our proprietary risk level indicator.

RRHI - ROBINSONS RETAIL HOLDINGS - Volatility - November 15, 2016

Volume

RRHI’s volume was only seen twice above its 30-day volume average since the last week of October 3016.

RRHI - ROBINSONS RETAIL HOLDINGS - Volume - November 15, 2016

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