SSI’s Q1 profit down 36%

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

SSI Group Inc. saw a 36 percent year-on-year drop in first quarter net profit amounting to P110 million due to disruptions arising from the lockdown of Metro Manila and other key regions starting mid-March. | Philbizwatcher

Huang said SSI would also enhance customers’ ability to shop from home by continuing to expand its e-commerce business. He cited the opening of Marks and Spencer’s online store in May.

SSI has also launched The Specialist, a concierge service that allows its customers to shop from home, with personal concierges helping customers select items from different stores and arranging for payment and delivery of these items. “We are encouraged by the performance of our brick and mortar stores, which have seen steady increases in weekly sales since reopening on June 1, while our e-commerce revenues have more than doubled since fulfillment of orders restarted on May 15,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

P40.4B spent for frontlinersThe Department of Health (DOH) has spent over P40.36 billion to hire health-care workers and purchase protective gear, equipment, and medicines for its coronavirus response.
Source: cebudailynews - 🏆 8. / 71 Read more »

Antique hospital locked down as doctor tests positive for COVID-19ILOILO CITY — A hospital in Barbaza town, Antique province was placed on lockdown after a doctor was infected with the coronavirus disease (COVID-19).
Source: manilabulletin - 🏆 25. / 51 Read more »

EXPLAINER: What is the Stop Hate For Profit movement?The movement started on June 17, quickly gaining the support of giants including Unilever, Adidas, Reebok, and Honda, among others. Consumers can also sign a petition on their site to support the movement.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Cebu City daily tax collection down to P100,000 from P12 million before lockdown: mayor
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Cops, PDEA take down big-time drugs syndicate in BulacanJoint elements of the Meycauayan City police, Provincial Intelligence Branch, Philippine National Police (PNP) Drug Enforcement Group (PDEG), and Philippine Drug Enforcement Agency (PDEA) neutralized a big-time illegal drugs syndicate after a major buy-bust operation on Wednesday (July 1).
Source: manilabulletin - 🏆 25. / 51 Read more »

Shutdown of 3,000 companies affects 100,000 workersMANILA, Philippines — More than 3,000 business establishments have repor­ted a temporary shutdown of operations, while more than 200 have closed down permanently since January this year, Labor LeilasINQ hopefully kasama na dyan ang ABS numbers? LeilasINQ tip: humingi ng balato kay herminio.
Source: inquirerdotnet - 🏆 3. / 86 Read more »