Shakey's posts P215-M income after two quarters of losses :

Shakey's posts P215-M income after two quarters of losses


April 6, 2021 | 12:04 am
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SHAKEY’S PIZZA Asia Ventures, Inc. (SPAVI) reported a net income of P215 million for the fourth quarter of 2020, which was also boosted by tax benefits due to the company’s negative profitability for the year following the losses it incurred.
“We are pleased by the improvements we saw towards yearend, which gave us the confidence to further invest in future growth, readying ourselves to better compete in the ‘new normal’ whilst creating jobs amidst the Philippines’ tough economic environment,” SPAVI President and Chief Executive Officer Vicente L. Gregorio said in a statement on Monday.

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