Wilcon posted a Q3 net income of P908 million, which is 17.7% lower y/y from its Q3/22 net income of P1.1 billion.
] posted a Q3 net income of P908 million, which is 17.7% lower y/y from its Q3/22 net income of P1.1 billion. WLCON’s 9M/23 net income is P2.7 billion, which is 8% lower for the same period last year. WLCON attributes the net income downtick to higher operating expenses that could not be overcome by the company’s increases in net sales and gross profit . WLCON reported benefitting considerably from new stores that were added to its network , but said that it suffered a 2.
We were supposed to start this week with a bang as the PSE’s long-awaited short-selling program was originally scheduled...
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