Choppies profits halve on expansion costs
Thursday, September 22, 2016
The local retail giant recorded a 48% decline in PAT to P104.9 million for the financial results for the year ended in June this year compared to P197.2 million recorded in the prior year.
Choppies CEO, Ramachandran Ottapathu attributed the loss to the group’s operating margins, which were negatively impacted by the costs of establishing new geographical locations, opening new stores and distribution centres.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...