Gross profit increased 31 percent to P156 million, improving the margin to 49.6 percent despite inflation. Net income grew to P32 million from P25 million last year, bolstered by strategic expansion programs and operational efficiencies.
The company added six new stores, bringing the total to 127 nationwide, contributing to solid same-store sales growth.
Management’s view
“In the first half of the year, Balai has demonstrated outstanding performance, achieving notable success in both financial results and operational efficiency,” said Yu, the president and CEO of Balai.
The recent establishment of strategic partnerships further illustrates our dedication to leveraging our core strengths. I am confident that these initiatives will reinforce our market presence and foster continued growth and success in the coming quarters,” he added.
