Consumer segment boosts earnings of CIC in January-September

Quick Summary:

Concepcion Industrial Corp.(CIC), a manufacturer of refrigerators and air-conditioning units, said its income almost doubled to P554.66 million in January to September from the previous year’s P288.4 million.

As we enter fourth quarter, we are well-prepared for seasonal demand and remain focused on building momentum for the coming year,” Ariel Fermin, the company’s CEO, said.

Revenues for the period, however, were almost flat at P3.79 billion from the previous year’s P3.62 billion.

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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets: Philippines

Topics: Previous Sales Billion Company Market Last Quarter Growth Earnings Million Year’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:06:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23329191

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