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BusinessWorld
July 29, 2021 | 12:08 am
WILCON Depot, Inc. earned P642.97 million in the second quarter, soaring from P23.87 million a year earlier, as sales recovered while the listed retailerâs branches stayed open despite the pandemic lockdown.
It also attributed the surge in profit at nearly 27 times year on year â to the expansion of its gross profit margin.
âWeâre pleased that we were able to sustain our first quarter results despite a quite difficult April, which was the height of the NCR (National Capital Region) Plus quarantine,â Wilcon President and Chief Executive Officer Lorraine Belo-Cincochan said.
Meanwhile, sales for the quarter improved by 95.7% to P6.75 billion from last yearâs P3.45 billion due to the increased number of transactions, especially in Luzon branches. Its comparable sales grew by 79.7% during the period.
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