SSI Group shares come under pressurehome/Business/Stock Watch/SSI Group shares come under pressureLuxury retailer SSI Group, Inc.’s shares have been dropping and analysts are pointing to investors having chosen stocks that have instead gained pace. Year-to-date, SSI’s shares are weaker by 28.62 percent. “Earnings wise, for the past three years, SSI always had the lowest net income during the fourth quarter due to higher expenses,” he said. In the last three months of 2016 and 2017, the specialty retailer recorded net losses of P74.53 million and P69.13 million, respectively. For the current year, meanwhile, SSI’s net income was up 7.71 percent to P368.05 million as of end-September, which the firm has attributed to double-digit sales growth.

Source: Manila Times December 02, 2018 16:18 UTC