Ssi Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 12:09 am
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SSI Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 2,910.069 million compared to PHP 742.781 million a year ago. Net loss was PHP 74.156 million compared to PHP 586.188 million a year ago. Basic loss per share from continuing operations was PHP 0.02 compared to PHP 0.18 a year ago. For the half year, total revenue was PHP 6,433.941 million compared to PHP 5,038.988 million a year ago. Net loss was PHP 173.652 million compared to PHP 476.293 million a year ago. Basic loss per share from continuing operations was PHP 0.05 compared to PHP 0.14 a year ago.
SSI Group, Inc. is a Philippines-based specialty retailer. The Companyâs retail network consists of 524 stores located within approximately 80 malls across the Philippines, including Metro Manila, Luzon, Visayas and Mindanao, with a total gross selling space of approximately 101,184 square meters. The Company's network of stores offers a range of categories and brands, from luxury and bridge apparel to casual wear and fast fashion, footwear, accessories and luggage, food, home and decor, and beauty and personal care. The Company represents approximately 85 brands, including Hermes, Cartier, and Salvatore Ferragamo for premium luxury apparel and accessories, Zara, Bershka, Stradivarius, Pull&Bear, and Old Navy for fast fashion and others. Its portfolio consists of international brands and retail formats. It owns one property, the Central Square building, which is located at Fort Bonifacio, Taguig, Metro Manila, with a total gross floor area of 33,813 square meters.