GAISANO-LED Metro Retail Stores Group Inc.’s net income declined by 17 percent to P454 million in the first nine months of 2018 from P550 million in the same period last year.

In a disclosure on Friday, Metro Retail blamed the drop on a fire that hit one of its department stores in Cebu in January that led it to stop operations.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details