Philippine Seven reports higher profit, sales in second quarter

The local licensee of the chain of 7-Eleven convenience stores saw its net income jump by 18.9% in the second quarter of 2018, driven by the strong performance of existing stores.
In a disclosure to the stock exchange on Friday, July 13, Philippine Seven Corp. (PSC) said it generated a net income of P342.7 million in the April to June period of 2018, higher than the P288.3 million posted in the same period a year ago.
System-wide sales jumped 19.2% to P11.55 billion for the period, benefiting from a 6.3% increase in same-store sales for the period. — Arra B. Francia