SSI 6-month net income slumped 40% as expenses surged

MANILA, Philippines — Retailer SSI Group Inc. saw its first-half net income fall by nearly 40 percent despite double-digit sales growth, as higher operating expenses and financing costs weighed on earnings. The Tantoco-led company said on Monday it had booked a net income of P273.3 million in the first six months, down 39.5 percent from