By: Manila Bulletin
Home and finishing construction supply retailer Wilcon Depot, Inc. reported an 84 percent surge in net income to P604 million in the first quarter of the year from the P328 million earned in the same period of 2020.
In a disclosure to the Philippine Stock Exchange, the firm said “The improvement was at the back of a 19.4 percent hike in net sales and gross profit margin expansion even as interest and net other income declined and operating expenses increased.”
Home and finishing construction supply retailer Wilcon Depot, Inc. reported an 84 percent surge in net income to P604 million in the first quarter of the year from the P328 million earned in the same period of 2020.
In a disclosure to the Philippine Stock Exchange, the firm said “The improvement was at the back of a 19.4 percent hike in net sales and gross profit margin expansion even as interest and net other income declined and operating expenses increased.”
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