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| WLCON Daily hart |
PRESS RELEASE: Wilcon posts P 887M Net Income for April - December 2016
Wilcon Depot, Inc. (Wilcon/WDI) today reported 2016 earnings of ₱887 million, covering the nine months of operations from April to December. “We are pleased to announce that we finished the year strong, both in our top and bottom lines. Our nine-month net sales reached ₱12.3 billion, 96.7% of which was generated by our depot format stores,” Mark Andrew Belo, Chief Financial Officer of WDI said. WDI’s gross profit amounted to ₱3.3 billion for a gross margin of 26.8% while operating profit (or earnings before interest and tax) reached ₱1.04 billion for an operating margin of 8.5%.