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:
Financial Highlights
- -15%
- 15%
- +22%
- +5%
Net Sales (Millions) & Gross Margin
- -104%
- +370%
- +309%
- +57%
Profit After Tax (millions)
- -110%
- +179%
- +272%
- +98%
Profit After Tax After Minority Interest (millions)
CIC Q3 2024 RESULTS
Concepcion Industrial Corporation (CIC), reported a 57% rise in third quarter earnings to Php218.2 million, demonstrating the strength of its operations and improved margins despite modest revenue growth.
Together with its associate Concepcion Midea, Inc. (CMI), CIC achieved a 12% increase in net sales, totaling Php5.0 billion, while on a consolidated basis, CIC delivered net sales of Php3.8 billion, which reflects a 5% increase compared to last year.
The consumer segment performed well, particularly in refrigeration and appliance categories, driving a 12% increase in consumer net sales. In contrast, the commercial segment saw a decline of 8%, primarily due to fewer large projects, though partially offset by strong air conditioning equipment sales through the contractor network.
| In Millions php | 3Q24 | 3Q23 | % Change |
|---|---|---|---|
|
Net Sales |
3,794 |
3,626 |
5% |
|
Gross Profit GP Margin |
1,285 33.9% |
1,130 31.2% |
14% 2.7 pts |
|
OpEX % of Sales |
-1,047 -27.6% |
-924 -25.5% |
-13% 2.1 pts |
|
Profit Before Tax PBT (%) |
294 7.8% |
194 5.4% |
52% 2.4 pts |
|
Profit After Tax PAT (%) |
218 5.8% |
139 3.8% |
57% 1.9 pts |
|
Net Income Attributable to Shareholders |
142 |
72 |
98% |
|
Financial Position |
30-Sep-24 |
31-Dec-23 |
|
|
Consolidated Cash Balance |
2,036 |
2,373 |
-14% |
|
Total Assets |
12,953 |
12,243 |
6% |
|
Total Liabilities |
5,736 |
5,314 |
8% |
| In Millions php |
|---|
|
Net Sales 3Q24 3,794 3Q23 3,626 % Change 5% |
|
Gross Profit GP Margin 3Q24 1,285 33.9% 3Q23 1,130 31.2% % Change 14% 2.7 pts |
|
OpEX % of Sales 3Q24 -1,047 -27.6% 3Q23 -924 -25.5% % Change -13% 2.1 pts |
|
Profit Before Tax PBT (%) 3Q24 294 7.8% 3Q23 194 5.4% % Change 52% 2.4 pts |
|
Profit After Tax PAT (%) 3Q24 218 5.8% 3Q23 139 3.8% % Change 57% 1.9 pts |
|
Net Income Attributable to Shareholders 3Q24 142 3Q23 72 % Change 98% |
|
Financial Position 3Q24 30-Sep-24 3Q23 31-Dec-23 % Change |
|
Consolidated Cash Balance 3Q24 2,036 3Q23 2,373 % Change -14% |
|
Total Assets 3Q24 12,953 3Q23 12,243 % Change 6% |
|
Total Liabilities 3Q24 5,736 3Q23 5,314 % Change 8% |
Top Stockholders
| Name of Stockholders | Number of Shares Held | Percentage of Shared Held |
|---|---|---|
| Name of Stockholders |
|---|
|
Number of Shares Held
Percentage of Shares Held
|
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. Maricor P. Biag)
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.
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. Maricor P. Biag)
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.
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.
2022 Annual Report
In 2022, Concepcion Industrial Corporation (CIC) achieved promising results, aligned with our commitment to bringing happy spaces to life. We prioritized business recovery, adapting to the new normal, and enhancing our culture and capabilities. Despite significant progress, challenges like escalating costs and adverse foreign exchange rates persisted, making for a demanding year. However, our resilience enabled us to adapt and pivot when necessary swiftly, showcasing our ability to overcome obstacles, as highlighted in the 2022 Annual Report.
Download Latest Report
Corporate Governance
Sustainability