AllHome, the country’s pioneering one-stop-shop for all home improvement needs, declared P288.8 million cash dividends for its stockholders last November 29, 2022.
In a disclosure to the Philippine Stock Exchange, the firm said this is 20 percent of AllHome’s 2021 NIAT, with record date stated as December 15, 2022 in its PSE disclosure. Payment date is set at December 29, 2022.
AllHome Chairman Manny B. Villar Jr. noted that this declaration coincides with the home industry pioneer heading into the final stretch of the fourth quarter of 2022, one that is historically strong for the AllHome.
“In spite of a shift in focus of the ‘revenge spending’ from retail to leisure, We have stayed the course, sustaining our improvement over pre-pandemic performance in 2019 and even improved on our gross and EBITDA margins,” he said.
Villar added that, “We remain resolute in our constant pursuit of improvement in our operational efficiencies and are pleased to deliver value to our shareholders as we continue our focus on maximizing the fourth quarter of 2022.” Meanwhile, AllHome continues on the path of innovation, pushing its sustainability initiatives on the operations front.
Through its social-civic responsibility arm, AllHome Builds, AllHome recently kicked-off its renewable energy efforts with the installation of solar panels at its Bacolod branch, quickly followed by solar panel deployment to additional AllHome locations in Sto. Tomas, Silang, Vibal, Santiago, Antipolo, Sta. Maria, and Imus.
“AllHome will always push to remain on the cutting edge of industry trends, especially in retail. There has been a strong clamor all over the world for business entities to be cognizant on their responsibilities as members of larger communities,” said AllHome Vice Chairman Camille Villar.
She noted that, “Renewable energy not only slows the harmful effect of industry to our planet, but offers us efficiencies in operations.”
Ms. Villar added that, renewable-energy initiatives are pipelined for all of AllHome’s 59 locations as the chain’s answer to calls for more concerted efforts to ensure a sustainable future.
With AllHome eyeing sustainability targets, the company has built in energy-related considerations into the activation of its store pipeline.
As of 2021, nine stores already have been installed with solar panels, with six of the large-format stores newly installed with solar panels.
The conversion to renewable energy sources has provided an estimated 8 percent to 10 percent energy savings to the stores’ consumption, proving that its installation and usage have been truly beneficial to the company.
Additionally, very little to no maintenance for these solar provisions mean negligible impact in AllHome’s day-to-day operations.
If you like this article, share it on social media by clicking any of the icons below.
Or in case you haven’t subscribed yet to our newsletter, please click SUBSCRIBE so you won’t miss the daily real estate news updates delivered right to your Inbox.
The article was originally published in Manila Bulletin and written by James A. Loyola.
About Post Author
More Stories
Banks’ total assets up at P26.2 trillion end-June
Lamudi sees heightened developer confidence with rise in ad spending
Phase 1 of PHINMA’s Bacolod township to finish by next year