NEWLY listed home business and retail construction firm Wilcon Depot, Inc. (WDI) reported a net income of P887 million for the nine months of operations from April to December 2016. Belo said WDI’s nine-month net sales reached P12.3 billion, 96.7 percent of which was generated by its depot format stores. There are no comparative figures because WDI began operations on April 1 last year when the retail business and assets were completely transferred from parent company Wilcon Corporation (formerly Wilcon Builder’s Depot, Inc.). Prior to the transfer of the retail operations, Wilcon Corporation registered net sales of P3.7 billion and net income of P269 million for the three-month period ended March 31, 2016. Wilcon Depot debuted on the local market on March 31 with the ticker symbol “WLCON.” It offered nearly 1.4 million primary shares, representing 34 percent of its total issued and outstanding shares, at P5.05 per share.

Source: Manila Times April 26, 2017 17:26 UTC