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Wilcon Depot Inc., a leading home improvement and finishing construction supplies retailer, said Wednesday its second-quarter net income declined by 10 percent to P770 million after it booked a P98-million loss.Wilcon said in a stock exchange filing second-quarter sales grew 2.9 percent to P8.87 billion.
Belo-Cincochan said the company was expecting better performance in the second half of 2024 at it would continue to push for higher sales while re-aligning resources deployed with the current market demand. The company’s second-quarter performance pushed the first-half net income to P1.51 billion, down 16.9 percent from a year ago as operating expenses grew faster than net sales growth. Six-month sales were nearly flat at P17.18 billion.
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