DALI still in red, but sees rosy prospects in Phl

DALI still in red, but sees rosy prospects in Phl Retailer DALI Everyday Grocery remains in the red three years after opening its first store in the country.

- RICHMOND MERCURIO

Hard Discount Philippines Inc. (HDPI), the corporate entity for the fast-rising grocery chain, incurred a net loss of P1.88 billion as of end2023, more than double the P894.68 million net loss reported in 2022.

The company, however, saw its revenue surge by 125 percent to P22.31 billion from P9.27 billion the previous year, a regulatory filing showed.

HDPI said it has incurred cumulative losses resulting in a deficit of P3.26 billion as of end-2023 which has led to a capital deficiency of P1.29 billion.