MerryMart, DoubleDragon posted higher earnings in 2022

MANILA -Retail and property companies led by tycoon Edgar "Injap" Sia II saw a boost in business amid dissipating pandemic woes, pushing up profits in 2022. Grocery store operator Merry Mart Consumer Corp. said net income last year surge 846.5 percent to nearly P322 million, a stock exchange filing on Tuesday showed. At the same time, DoubleDragon Corp.---Sia's venture with fast food billionaire Tony Tan Caktiong, saw full-year net income jump 14.5 percent to P12.92 billion, another filing showed. MerryMart, which operates various store formats, said revenues last year reached P6.72 billion, up nearly 71 percent. Sia said this was above their initial revenue target of P5 bill...Keep on reading: MerryMart, DoubleDragon posted higher earnings in 2022

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