STRONG BALANCE SHEET

Strong-balence-sheetStrong growth in assets as expansion efforts continue

 
Total borrowings increased to P466 million (1.25 x LTM EBITDA) to fund capital expenditure

RAPID PROFITABLE GROWTH

Rapid-Profitable-GrowthContinued delivery of strong revenue growth and improvement in gross profit margin

 
Operating profit constrained by stores in ramp-up mode and increased marketing spend as we enter new markets

 
Increased net interest costs related to borrowing for capital expenditure

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