Wilcon expects recovery in second half after lower Q1 profit - BusinessWorld Online

Wilcon expects recovery in second half after lower Q1 profit - BusinessWorld Online

LISTED home improvement and construction finishing supply retailer Wilcon Depot, Inc. expects to recover in the second half of the year following a decline in first-quarter (Q1) net profit. “Despite the drop in net earnings, which was mainly driven by lower sales in the first two months of the year, we are expecting a turnaround especially in the second half given the encouraging average daily sales right before and right after the long Easter h…

Higher costs, low sales in Jan to Feb drag Wilcon Q1 earnings

MANILA, Philippines –  Higher expenses pulled down the first-quarter earnings of Wilcon Depot Inc. by 27.5 percent to P536 million, reflecting a challenging environment for the home improvement industry. The Belo family-led company disclosed to the stock exchange on Monday its net sales inched up by 1.2 percent to P8.41 billion. Growth was slower due