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A Vision of the Future
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Evolve: The 2020 CIC Kick-Off
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A Vision of the Future
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Evolve: The 2020 CIC Kick-Off
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Leadership Evolution: 2020 Leadership Kick-Off
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Condura Ka-Lokal Campaign
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Building better lives and businesses

Building better lives and businesses

Company Profile

Concepcion Industrial Corporation (“CIC”) is one of the Philippines’ most established and leading providers of airconditioning solutions, refrigerators, consumer appliances, and building and industrial solutions.

It operates principally through six (6) subsidiaries — Concepcion-Carrier Airconditioning Company (CCAC), Concepcion Durables Inc. (CDI), Concepcion Midea Inc. Philippines (CMIP), Concepcion Otis Philippines Inc. (COPI), Concepcion Business Services Inc. (CBSI), and Cortex Technologies Corporation (CTC).

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Company Profile

Company Profile

Concepcion Industrial Corporation (“CIC”) is one of the Philippines’ most established and leading providers of airconditioning solutions, refrigerators, consumer appliances, and building and industrial solutions.

It operates principally through six (6) subsidiaries — Concepcion-Carrier Airconditioning Company (CCAC), Concepcion Durables Inc. (CDI), Concepcion Midea Inc. Philippines (CMIP), Concepcion Otis Philippines Inc. (COPI), Concepcion Business Services Inc. (CBSI), and Cortex Technologies Corporation (CTC).

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Concepcion Industrial Corporation (“CIC”) is one of the Philippines’ most established and leading providers of airconditioning solutions, refrigerators, consumer appliances, and building and industrial solutions.

It operates principally through six (6) subsidiaries — Concepcion-Carrier Airconditioning Company (CCAC), Concepcion Durables Inc. (CDI), Concepcion Midea Inc. Philippines (CMIP), Concepcion Otis Philippines Inc. (COPI), Concepcion Business Services Inc. (CBSI), and Cortex Technologies Corporation (CTC).

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Financial Highlights

The consolidated results of operations of CIC for the year ended December 31, 2018 was affected by short-term volatility in the consumer segment (particularly consumer air-conditioning and refrigeration) caused by extremely rainy weather, depreciation of the peso, rise in inflation rate and overall drop in both consumer and business confidence levels resulting in year on year decline in demand for durables.

NET SALES & GROSS MARGIN

2018
14,202 35.8%
2019
15,066 35.8%

+6%

Growth In Sales

PROFIT AFTER TAX

2018
1,457 10.3%
2019
1,430 9.5%

-1.9%

Growth In Earnings (PAT)

-0.8%

PAT % Decrease

Financial Highlights

Financial Highlights

The consolidated results of operations of CIC for the year ended December 31, 2018 was affected by short-term volatility in the consumer segment (particularly consumer air-conditioning and refrigeration) caused by extremely rainy weather, depreciation of the peso, rise in inflation rate and overall drop in both consumer and business confidence levels resulting in year on year decline in demand for durables.

NET SALES & GROSS MARGIN

2018
35.8%
2019
35.8%

+6%

Growth In Sales

PAT % Decrease

PROFIT AFTER TAX

2018
10.3%
2019
9.5%

-1.9%

Growth In Earnings (PAT)

-0.8%

PAT % Decrease

The consolidated results of operations of CIC for the year ended December 31, 2018 was affected by short-term volatility in the consumer segment (particularly consumer air-conditioning and refrigeration) caused by extremely rainy weather, depreciation of the peso, rise in inflation rate and overall drop in both consumer and business confidence levels resulting in year on year decline in demand for durables.

NET SALES & GROSS MARGIN

2018
35.8%
2019
35.8%

+6%

Growth In Sales

PROFIT AFTER TAX

2018
10.3%
2019
9.5%

-1.9%

Growth In Earnings (PAT)

-0.8%

PAT % Decrease

News & Updates

News & Updates