During the fourth quarter alone, net income hit an all-time high of P1.1 billion.
This exceptional performance is credited to the group's strategic brand mix and robust consumer spending on international fashion and dining.
“I believe that the optimized expense base that we benefit from, coupled with the compelling brand portfolio we make available to consumers, will continue to drive growth and profitability in 2024,” he added.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.