Philippine Seven Corporation’s second-quarter net income surged 24.6 percent on improvements in same-store sales and increased store numbers, driving the first-half earnings of the local operator and franchise holder of 7-Eleven convenience stores 9.4 percent higher year-on-year, the company said Friday.

Philippine Seven’s net income for the first semester rose to P323.9 million from P296.1 million in the same period last year, while profits for the second quarter alone grew by 24.6 percent to P224 million from P179.8 million in the same quarter in 2013.

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