LISTED compounds and pipes maker Crown Asia Chemicals Corp. on Wednesday said its net income after tax grew by 5 percent to P69.7 million from last year’s P66.4 million on the back of strong demand from local wire and cable companies.

Consolidated sales revenues rose 14.25 percent, it said. Compounds division sales increased by 24.39 percent to P363.9 million from last year’s P292.59 million.

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