Puregold Q1 profit surged 24% to P3.26B

MANILA, Philippines – Puregold Price Club, Inc. saw a sharp increase in first-quarter earnings as strong sales growth and improving margins boosted profitability across its supermarket and membership warehouse formats. The tycoon Lucio Co-led retailer said on Thursday consolidated net income jumped 23.7 percent year-on-year to P3.26 billion in the January-to-March period from P2.64 billion