AllDay Marts Inc., which operates AllDay supermarket, on Tuesday reported income growing 14 times to P171.97 million from last year’s P11.62 million.
The company said revenue grew 6 percent to P4.89 billion from last year’s P4.59 billion.
“We are pleased with AllDay’s steady business results for the first half of 2023,” said AllDay chairman Manuel B. Villar Jr.
“With the return of customers to in-person retail or revenge retail giving rise to many opportunities, our supermarket concept continues to capitalize on a market that is getting a lot more comfortable with spending time shopping in-store again,” he said.
AllDay also declares cash dividends at close of the first half for distribution to stockholders equivalent to 20 percent of its net income last year.
Frances Rosalie T. Coloma, AllDay’s president and CEO, said the supermarket chain’s operational efficiencies are a key driver in sustaining its performance at the halfway mark of the year.
