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MM Is A Wholly-Owned Subsidiary of Injap Investments Inc., Which Also Owns 35% of Doubledragon Properties Corp
MM Is A Wholly-Owned Subsidiary of Injap Investments Inc., Which Also Owns 35% of Doubledragon Properties Corp
MerryMart Market will offer seafood, fruit, vegetables, medicine, gourmet and
personal care products, the company said in a disclosure to the stock
exchange on Friday.
a small-format outlet with a three-in-one concept that combines a mini-
grocery, personal care shop, and pharmacy.
The first drive-thru MerryMart will rise along Diversion Road, beside the St.
Joseph School. Sia said this was a new concept for them and they plan to
deploy drive-thru options in “various major thoroughfares.
But by the end of 2030, it expects to reach 1,200 outlets, generating total sales
of P120 billion.
MM is a wholly-owned subsidiary of Injap Investments Inc., which also owns
35% of DoubleDragon Properties Corp.
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despite-pandemic-to-introduce-drive-thru-outlet-in-2021#ixzz6lnZA9kK5
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Income Statement
Period Ending: 30-Sep-2020 31-Dec-2019 31-Dec-2018 31-Dec-2017
Total Revenue 782.73 2515.24 2116.97 1760.1
Gross Profit 89.32 144.56 93.71 69.69
Operating Income 3.49 46.51 57.93 28.5
Net Income 0.84 28.01 40.6 20
28 Million 40.6 Million 20 Million
Income Statement
45
40.6
40
35
30 28
25
20
20
14.5
15
10
5
0
2020 2019 2018 2017
25.00%
20.30%
20.00% 18.80%
15.00%
2017
11.40%
2018
10.00% 2019
5.00%
0.00%
Sales Growth
It generates income through its franchising agreements with its franchisee and also
from its own branches, with a number of 18 branches as of November 2020.
It also has MerryMart store, MerryMart Market and MerryMart Grocery.
Merry Mart will receive the following fees from franchising agreements, which will
add also to its income.