The top two executives of Shakey’s Pizza Asia Ventures (PIZZA) loaded up on the restaurant’s stock controlled by the Po brothers.
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PIZZA president and CEO Vicente Gregorio and general manager Jorge Maria Concepcion acquired a combined P2.7 million shares from April 27 to 29 at a price range o P7.90 to P8.20.
Gregorio bought 200,000 shares while Concepcion grabbed 142,000 shares.
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PIZZA posted P123 million in profit in 2021 from a net loss of P254 million in 2020. But this is still just 14 percent of PIZZA’s pre-pandemic net income of P865 million in 2019.
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