Quick takes from around the market
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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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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