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Appliance sales defy weak retail
Manila Bulletin
|July 25, 2025
Despite softer retail demand, consumer lifestyle and enterprise solutions provider Concepcion Industrial Corp. (CIC) managed to grow earnings by 30 percent in the first half of the year on the back of stronger refrigeration and appliance sales.
In a disclosure to the Philippine Stock Exchange (PSE), CIC said its first-half attributable net income (profit after tax and minority interest) rose to P534.3 million, while profit after tax improved to P785.6 million, up eight percent compared to the same period last year.
This story is from the July 25, 2025 edition of Manila Bulletin.
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