Philippine Seven Corp. (PSC), the local franchisee of 7-Eleven convenience stores, saw its net income surge nearly 28 percent last year on an expanded store network and improved margins.

In a statement, the company said its net income rose 27.9 percent to P873.3 million last year from P682.6 million in 2013 due to “improvement in operating margins and continued store expansion all over the country.”

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