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 best publicly-listed companies’ leadership and management.
In just fifteen (15) months since its Initial Public Offering, CIC was also named among the Best Managed Public Companies along with the likes of Ayala Corporation, Globe Telecom, PLDT and Metro Pacific. The company also ranked 6th in categories such as Best Investor Relations and Best Corporate Governance all contributing to an exceptional achievement for a small cap firm.
“We are humbled by the recognition given to us by FinanceAsia and the investment community and to be ranked amongst the country’s best and brightest” said Chairman and CEO Raul Joseph A. Concepcion. “This belief and support motivate us to stay focused on our business goals and forge an even stronger relationship with our investors and partners as we move forward in our business”.
CIC earlier reported its unaudited 2014 business and financial performance update with a 21% increase in sales and 23% growth in profit versus audited 2013 figures. Profit After Tax After Minority Interest (PATAMI) continues its upward trend ending 23% higher over the same period in 2013.