Splash Corp doubles profits in H1

SPLASH Corp., the manufacturer behind Skin White, Maxi-Peel and Extraderm products, more than doubled its net income in the first six months on higher sales and a decline in operating expenses.

In a statement, Splash said net income in the period rose to P39.9 million from P13.2 million last year while revenue grew 5.1 percent to P1.7 billion, driven by 22 percent sales growth in the food business and an 11 percent sales expansion in international personal care products.