MANILA, Philippines — Wilcon Depot Inc. grew first-half earnings by 3.5 percent as stronger customer traffic and sales volumes offset pressure from higher operating costs and a weaker product mix.
On Tuesday, the Belo-led retailer said earnings reached P1.204 billion in the first half, up P41 million from a year earlier. Meanwhile, net sales climbed 10.9 percent to P18.98 billion, driven by comparable sales growth of 6.6 percent.
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All regions, including project sales, posted positive comparable sales growth during the period. Depots, which made up 96.3 percent of net sales, generated P18.27 billion, up 10.9 percent, while same-store sales rose 6.6 percent.FEATURED STORIES
