Concepcion Industrial Corp. , the country’s leading provider of consumer lifestyle and enterprise solutions, reported a 57-percent rise in third-quarter earnings to P218.2 million, demonstrating the strength of its operations and improved margins despite modest revenue growth.
The consumer segment performed well, particularly in refrigeration and appliance categories, driving a 12-percent increase in consumer net sales. CIC including CMI’s net sales grew 31 percent to P17.7 billion in the first three quarters of 2024. On a reported basis, CIC posted P13.6 billion in net sales, reflecting a 25-percent growth.
France Dernières Nouvelles, France Actualités
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