Listed Metro Retail Sales Group Inc. (MRSGI) incurred a net loss of P449.6 million last year as the pandemic slumped its full-year net sales by 15 percent to P31.3 billion from P36.8 billion year-on-year.
In a filing to the exchange, the Cebu-based retailer said that while its food retail business inched up by 1.1 percent year-on-year, its general merchandise business dropped by 45.7 percent in 2020 amid temporary closure of department stores in March.
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