Metro Retail Stores Group, Inc. expects yet another banner year after earnings grew by a fifth on the back of their store expansion. The company saw another 20.6% growth in the bottom line last year. The net sales managed to climb 13.9% year on year, with the same-store sales growing at 8.8%.
For the company, 2015 ended with 46 stores composed of 12 hypermarkets, 24 supermarkets and 10 department stores nationwide with a gross floor area of 400,000 square meters. The five-year plan includes the opening of 50 to 70 more stores, as revealed by Vice-President for Business Development, Joseph Conrad M. Balabat.
