Wilcon profit down 31.8 percent last year

Listed Wilcon Depot Inc. on Monday said it saw its earnings decline by 31.8 percent to P1.45 billion last year from P2.13 billion in 2019 as the coronavirus diseae 2019 (Covid-19) pandemic and the mobility restrictions hampered its operations.

The home improvement company likewise posted a 7.5-percent lower full-year net sales to P22.63 billion from P24.48 billion, with a comparable sales decline of 13.6 percent.