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Retailer Dali Everyday Grocery has incurred successive losses amounting to P3.26 billion three years since opening its first store in the Philippines, the company said in a financial statement filed with the Sec urities and Exchange Commission.Hard Discount Philippines Inc., , the corporate entity behind Dali, reported a P1.88 billion loss, which was a 110% increase compared to the P894.68 million loss reported in 2022.Dali has incurred a total capital deficit amounting to P1.
“Management believes that with the planned increase in equity, the commitment of and continued financial support from the parent company, and the projected improvement in net profit margin, the company will be able to generate sufficient cash flows from its operations to meet its obligations as and when they fall due,” HDPI saidTo recall, the Department of Trade and Industry issued a show cause order against store Dali Everyday Grocery due to alleged sanitary issues and non-compliance with...
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