AllHome posts P702m profit in first nine months

Its revenue stood at P9.10b over the same period. 

Philippine firm AllHome reported its core net profit amounted to P702m, whilst its revenue reached a total of P9.10b. 

“There are still prevailing circumstances in the country that stem from the pandemic—and AllHome’s 9M 2022 performance show signs of this. The ‘revenge spending’ phenomenon that marked the inevitable end of the pandemic has shifted to travel and leisure with the lowering of restrictions on these activities,” AllHome Chairman Manny Villar Jr. said.

“Nonetheless, we have stayed the course, sustaining our improvement over pre-pandemic performance in 2019 and even improved on our gross and net profit margins. This, of course, is on top of our constant pursuit of improvement in our operational efficiencies.” 

Read more: AllHome net profit drops 65% in H1 

Villar noted AllHome remains confident about its fourth-quarter outlook. 

AllHome maintained its 9M 2022 earnings before interests, tax, depreciation and amortisation at P2.375b, which is 80 basis points higher than 9M 2021’s P2.356b and 28% over pre-pandemic 9M 2019.