Cosco Capital Inc. said Friday is on track for a strong finish in 2024 after demonstrating consistent growth across its diverse portfolio and following its adherence to customer-centric approach and strategic expansion.
Consolidated net sales for Puregold and S&R reached P151.97 billion in the first nine months of 2024, a 9.1-percent increase year-on-year.
The 19 new Puregold stores, three S&R warehouses and three S&R QSRs were opened during this period. The company now operates 591 stores nationwide.
The Keepers Holdings Inc., Cosco’s liquor distribution arm, reported consolidated revenue of P11.7 billion in the first nine months of 2024, driven by strong sales of brands like Alfonso brandy.
The planned acquisition of Booze On-line Inc. is expected to result in a further expansion in the segment.
Revenues for the energy and minerals segment reached P335 million in the first nine months of 2024, while net income for the segment was P165 million.
Recent acquisitions of hydroelectric power plants are expected to post significant expansion in in 2025.
Rental revenue from the commercial real estate segment increased 10 percent to P916 million in the first nine months of 2024.
Office Warehouse Inc. saw a slight revenue decline, but net income increased 3.3 percent to P66 million.
