Robinsons Retail Holdings Inc. on Wednesday said it will more than double its capital expenditures for the year as it plans to fast track its expansion plans by buying more fuel its growth for the coming years.
The Gokongwei-controlled firm said it will spend some P7 billion this year, up from the P2.8 billion spent last year.
"Gross margin will continue to increase due to organic growth, but mergers and acquisition will continue to be an ongoing exercise for us," Robina Gokongwei-Pe, the company's stock holders' meeting.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||June 26, 2014|