SSI Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 03:09 am EDT
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SSI Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 5,557.86 million compared to PHP 2,910.07 million a year ago. Revenue was PHP 5,557.86 million compared to PHP 2,910.07 million a year ago. Net income was PHP 423.74 million compared to net loss of PHP 74.16 million a year ago. Basic earnings per share from continuing operations was PHP 0.13 compared to basic loss per share from continuing operations of PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.13 compared to diluted loss per share from continuing operations of PHP 0.02 a year ago.
For the six months, sales was PHP 10,051.23 million compared to PHP 6,433.94 million a year ago. Revenue was PHP 10,051.23 million compared to PHP 6,433.94 million a year ago. Net income was PHP 491.44 million compared to net loss of PHP 173.65 million a year ago. Basic earnings per share from continuing operations was PHP 0.15 compared to basic loss per share from continuing operations of PHP 0.05 a year ago. Diluted earnings per share from continuing operations was PHP 0.15 compared to diluted loss per share from continuing operations of PHP 0.05 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.
SSI GROUP, INC. 
