Building Strong Partnerships

Building Strong Partnerships

CIC’s Investor Relations (CIC IR) embarks on bringing the CIC story to its stakeholders. CIC IR ensures transparent and timely disclosures on all relevant and material information about the Company.It engages with and addresses various information requirements of the investing public through various channels:

Quarterly Briefing for Investors and Analysts
Annual/Special Stockholders’ Meeting
Investor Conferences
Press Releases
One-on-one and Group Meetings
Non-deal Roadshows (NDR)
Conference Calls
PSE/SEC Disclosures

Financial Highlights

  • +109%
  • +2%
  • +20%
  • +37%

Net Sales (Millions) & Gross Margin

  • +284.6%
  • +1%
  • +10%
  • +110%

Profit After Tax (millions)

  • +231%
  • -2%
  • +22%
  • +89%

Profit After Tax After Minority Interest (millions)

CIC Q2 2024 RESULTS

CIC generated consolidated earnings of Php541 million in Q2 of 2024. This was double the earnings last year driven by effective sales strategies, improved customer engagement and strong summer demand.

 

Net sales reached Php6.0 billion, a 37% increase from last year. Including its associate CMI, the group’s net sales grew to Php7.7 billion or 46% growth. The Consumer business achieved Php4.6 billion in net sales, a 42% increase versus prior year, driven by growth in all product categories. While the Commercial business contributed sales of Php1.4 billion, a 25% growth, due to higher sales of HVAC equipment and timely delivery of elevator equipment and project advancements.

 

Gross profit for the quarter grew 58% versus last year, to Php2 billion, on the account of higher sales, favorable factory absorption and procurement savings. Operating expenses increased to support sales growth but at slower pace, indicating improved productivity.

In Millions php

Net Sales

2Q24

5,979

2Q23

4,352

% Change

37%

Gross Profit

Gross Margin (%)

2Q24

2,016

33.7%

2Q23

1,272

29.2%

% Change

58%

4.5 pts

OPEX

% of Sales

2Q24

-1,231

-20.6%

2Q23

-940

-21.6%

% Change

-31%

1.0pts

Profit Before Tax

Return on Sales (%)

2Q24

797

13.3%

2Q23

344

7.9%

% Change

132%

5.4 pts

Profit After Tax

PAT (%)

2Q24

541

9.0%

2Q23

257

5.9%

% Change

110%

3.1 pts

Net Income Attributable to Shareholders

2Q24

308

2Q23

163

% Change

89%

Financial Position

2Q24

30-Jun-24

2Q23

31-Dec-23

% Change

Consolidated Cash Balance

2Q24

2,271

2Q23

2,373

% Change

-4%

Total Assets

2Q24

14,378

2Q23

12,243

% Change

17%

Total Liabilities

2Q24

7,379

2Q23

5,314

% Change

39%

Top Stockholders
Name of Stockholders
Shareholder Services and Assistance

For inquiries regarding dividend payments, change of address and account status, lost or damaged stock certificates, please contact our stock transfer agent:

STOCK TRANSFER SERVICE, INC.
(through Ms. Arlene Cuenta)
Unit D 34th Floor, Rufino Plaza, Ayala Avenue, Makati City
Tel #: 5310-1343

I want to sell my shares. How do I go about this?

The stockholder may transact through their broker or any other active broker members of Philippine Stock Exchange.

What is the market price of my shares of stocks?

For the latest closing price of CIC stocks, please refer to the “Stock Information” section under Investor Relations of this website or through CIC’s PSE EDGE page.

Where can I find copies of Company Reports and Policies?

For the latest Company Reports, please refer to the “Disclosures” section under Investor Relations of this website and “Reports, Policies, and Other Materials” section under Corporate Governance of this website, or through CIC’s PSE EDGE page.

When is CIC’s Annual Stockholders’ Meeting?

CIC holds its Annual Stockholders’ Meeting every third Wednesday of July. You may regularly check the “Disclosures” section under Investor Relations of this website for the Notice of Stockholders’ Meeting for the details, such as specific date for the current year, record date, venue and other instructions.

How can I inquire about other investor relations matters?

You may send an e-mail on your concern through investorrelations@cic.ph.

Company Disclosures

Our Commitment to Shareholders

CIC IR understands the significance of consistent communication with its shareholders, investors, and stakeholders. One of the communication methods utilized by CIC is the Annual Stockholders’ Meeting, which offers shareholders the opportunity to ask questions and gain insights into the company’s performance and future business strategies.

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Annual Stockholders’ Meeting

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Special Stockholders’ Meeting

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2022 Annual Report

The annual report highlights the significant achievements and milestones of Concepcion Industrial Corporation (CIC), showcasing the company’s ability to grow and thrive despite challenges. Throughout 2023, CIC maintained financial stability, reinforced its commitment to sustainability and digital transformation, and delved into new opportunities. In response to the pandemic's impact on the nation, CIC has stressed the importance of driving innovation to better serve its customers. This renewed focus is driving the company into the future, creating healthier and happier environments for all Filipinos.

Download Latest Report
Download Previous Annual Reports

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Corporate Governance

Sustainability