African expansion costs halve Choppies profit

Ottapathu
Ottapathu

Choppies Enterprises’ profit slid in the second half of 2016, weighed down by the rising costs of its regional expansion drive and growing competition.

The retail giant posted a 47% drop in Profit After Tax (PAT) to P55 million in the six months ended December 2016.

On the other hand, the group’s total expenditure increased by 28.5% to P847.7 million in the six months ended December 2016 from P606.2 million in the same period the previous year.

Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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