MANILA, Philippines--Gokongwei-led retailer Robinsons Retail Holdings Inc. (RRHI) booked P1.77 billion in first semester net profit, down by 32.4 percent from the sale period last year as non-cash interest expense on lease liability ballooned following a shift to new accounting standards. RRHI reflected the year-to-date impact of adopting the new accounting standard on leases under Philippine Financial Reporting Standards (PFRS)16, under which a right-of-use asset is recognized and amortized over the lease term while interest expense is incurred on the lease liability. PFRS 16 adjustments are non-cash and have no effect on cashflow. Due to PRSF16 adjustments, RRHI's interest expe...
Keep on reading: Robinsons Retail nets P1.77B
from INQUIRER.net https://ift.tt/2LVGXqS
-
Before the third T20I against West Indies in Mumbai on Wednesday, Virat was one run ahead of Rohit. After West Indies put India in to bat, R...
-
DALLAS, Texas --- Ten people were killed when a small airplane crashed into a hangar as it was taking off from a Dallas-area airport Sun...
-
MANILA, Philippines -- The policemen who escorted the arrested suspect, tagged in the killings of the octogenarian couple, could be re...
No comments:
Post a Comment