News Archive

CIC is one of “Asia’s Best Managed Companies”

March 24, 2015

Leading business publication FinanceAsia recently announced Asia’s best managed companies recognizing Concepcion Industrial Corporation (CIC) as the “Best Small Cap” category. The magazine surveyed over 250 institutional investors including Asia-focused global portfolio managers and buy-side analysts regarding the country’s ...

CIC RELEASES UNAUDITED 2014 RESULTS WITH 21% SALES

February 02, 2015

CIC RELEASES UNAUDITED 2014 RESULTS WITH 21% SALES GROWTH   Concepcion Industrial Corporation (PSE: CIC) , the country’s leading provider of consumer appliances and building and industrial solutions, today released business and financial performance updates including unaudited 2014 full year results highlighting a 21% increase in s...

CIC CONTINUES MOMENTUM WITH EARNINGS GROWTH OF 36%

November 10, 2014

Concepcion Industrial Corporation (PSE: CIC) reported its Attributable Net Income for the first nine months of 2014 of PhP 495 million, a 36% growth from same period last year. Strong momentum for the period was achieved on the back of a 24% growth in Sales which amounted to PhP 6.9 billion as of September 2014. Third quarter performance growth ...

CIC ANNOUNCES 45% JUMP IN EARNINGS

July 28, 2014

CIC ANNOUNCES 45% JUMP IN EARNINGS FOR FIRST HALF OF 2014 Concepcion Industrial Corporation (PSE: CIC) reported its first half Net Income of PhP 346 million, a 45% growth from same period last year. This was achieved on the back of net sales of PhP 4.8 billion for the period, a 28% increase from year-ago numbers. The key earnings drivers for ...

CIC ANNOUNCES CONTINUED EXPANSION

July 23, 2014

CIC ANNOUNCES CONTINUED EXPANSION AND SPECIAL STOCK DIVIDEND Concepcion Industrial Corporation (PSE: CIC) held its annual stockholders' meeting last July 23, 2014 at the ISabela Room, Makati Shangri-la Hotel. CIC CEO and Chairman Raul Joseph Concepcion reinforced the Company's commitment to continued growth and expansion. In his speec...

CIC FIRST QUARTER EARNINGS UP 32%

May 15, 2014

May 15, 2014 – Concepcion Industrial Corporation (PSE Ticker: CIC) disclosed today PhP 128.2 million in net income after minority interest for the first three months of 2014, a 32% increase from the same period in 2013 on the back of strong sales of PhP 2.2 billion in Q1. Sales grew 39% from year-ago figures. Sales expansion of 58% an...

CIC DISCLOSES 19.8% EARNINGS GROWTH FOR 2013

April 11, 2014

April 11, 2014 – Recently-listed Concepcion lndustrial Corporation (PSE Ticker: CIC) declared today their Net lncome of PhP 511 million based on the audited financial statements for the full year 2013, jumping by PhP 85 million over 2012. These results were on the back of PhP 7.6 billion of net sales in 2013. ...