WILCON Depot Inc. saw is net profit increase by 8.8 percent in the first six months of the year to P995 million from P914 million in the same period last year on the back of higher revenues.
In a disclosure on Thursday, Wilcon said net sales went higher by 17.8 percent to P11.8 billion in January to June from last year’s P10 billion, with the growth attributed mainly to the completion of new stores totaling P1.3 billion.
On a per-format basis, the depots contributed the bulk or 95.7 percent of revenues with P11.3 billion, followed by the home essentials format with 2.8 percent.
Net sales from the former alone jumped by 18.1 percent; the latter, 8 percent.
Wilcon shares added 4 centavos or 0.26 percent to close at P15.72 apiece on Friday.