LISTED appliances maker Concepcion Industrial Corp. (CIC) said its net profit surged 34 percent in 2016 on the back of higher margins, lower costs and efficiency gains.
Reporting its preliminary results on Wednesday, CIC said its profit after tax after minority interest rose to P896 million from 2015’s P667 million. Its net sales grew 16 percent to P12.3 billion from P10.6 billion in 2015.
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