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).
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).
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).
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
+6%
Growth In Sales
PROFIT AFTER TAX
-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
+6%
Growth In Sales
PAT % Decrease
PROFIT AFTER TAX
-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
+6%
Growth In Sales
PROFIT AFTER TAX
-1.9%
Growth In Earnings (PAT)
-0.8%
PAT % Decrease
News & Updates
News & Updates
News & Updates
