Q4 2018 Puregold Price Club Inc Earnings Call Transcript
Ladies and gentlemen, welcome to Puregold investors briefing full year 2018. John Hao, please begin.
Good afternoon, everyone. Thank you for calling in. I have here with me Mr. Anthony Sy, the President of S&R. So we have already distributed the presentation materials around lunchtime. I hope everybody got the presentation. We haven't filed yet our 17-A, which we think will be before end of business day. We'll be disclosing that by end of business day at the latest.
So moving to the presentation. Slide 4 shows you our rapid expansion in the last 20 years. We ended 2018 with a total of 409 stores.
Going to Slide 6. Puregold has opened 30 new stores, S&R warehouse -- 2 S&R warehouse and 7 S&R QSR stores. We also closed down 2 Puregold stores during the year. We are now operating 409 stores as of end 2018 with a consolidated net selling area of more than 538,000 square meters.
We have reduced the size of our store network by around 12,000 square meters. If you
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