Puregold Q1 earnings rise 24% to P3.26 billion

MANILA, Philippines — Grocery chain operator Puregold Price Club Inc. grew first-quarter net income by 23.7 percent to P3.26 billion on stronger sales and improving margins. The tycoon Lucio Tan-led retailer said on Thursday that its consolidated revenue had climbed 12.1 percent to P58.78 billion in the January-to-March period. Puregold stores posted a 5.4-percent same-store sales