Listed Robinsons Retail Holdings Inc. posted an almost 30-percent drop in its net income last year to P3.2 billion from P4.6 billion in 2019.

In a disclosure to the exchange, the Gokongwei-led firm said its unaudited consolidated net sales also dipped 7.3-percent year-on-year to P151 billion from P162.9 billion due to the economic effects of the coronavirus disease 2019 (Covid-19) pandemic.

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