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AllHome Corp., the Philippines’ pioneering one-stop full line home center owned by the Villar Group, said Monday it recorded P797-million net income and P12.06-billion net revenues in 2023.
AllHome said in a disclosure to the stock exchange its gross profit margins increased to 38 percent in 2023, up 120 basis points from 36.8 percent in the same period in 2022. “Though current consumer spending has been diverted from home retail to less essential expenses like fashion, health and beauty, entertainment, and travel, AllHome remains committed in delivering value to our stakeholders,” Serrano said.“We have steadily increased our margins, both in gross and net terms, ending 2023 with a gross margin of 38%. We also continue to seek out operational efficiencies, especially as we face unusually high inflation and increased utilities costs,” she said.
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