Wilcon Out to Regain Growth Momentum

Home improvement and finishing construction supply retailer Wilcon Depot Inc. is set to spend as much as P3.2 billion this year as the company gears up for its return to growth.

- By Richmond Mercurio

Wilcon president Lorraine Belo-Cincochan said the company is looking forward to going back to its growth path with the improvements implemented in terms of improving sales and increasing cost efficiency.

"It's been a challenging year, challenging times, but as always, we are very optimistic. We have, of course, our growth targets. We still want to grow and we still want to be here and continue to generate employment for the communities where we are in. Of course, we really give the Filipinos the best value," Belo-Cincochan said in a briefing yesterday.

"We hope that it will be better times, the second half, and then maybe in the next year, things will be better for our company and also, of course, for the Philippines as a whole," she said.

While the company is looking forward to turning around its 2024 results this year and going back to its growth path in the succeeding years, Wilcon senior executive vice president and chief operating officer Rosemarie Bosch-Ong said the company remains conservative in its growth estimates for the year.