Extreme weather fires up CIC earnings in January-June

Quick Summary:

Concepcion Industrial Corp.(CIC) on Thursday said its income in the first half doubled to P726.66 million from the previous year’s P350.3 million, on the back of its "well-executed” sales strategies, enhanced customer engagement, and strong market demand fueled by hot weather conditions.

For the April to June quarter alone, the company said its income also doubled to P540.96 million from the previous year’s P257.08 million.

Laundry product sales recovered in the second quarter, posting a 49-percent increase compared to last year.

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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets: Philippines

Topics: Product Billion Year’s Demand Million Percent Previous Quarter Company Rose Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 16:05:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21774462

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