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Concepcion Industrial Corporation (Philippines)

Main Activities: Household Appliances and Electrical and Electronic Goods Merchant Wholesalers
Full name: Concepcion Industrial Corporation Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Concepcion Industrial Corporation (CIC) is a leading air conditioning and refrigeration company based in Makati, Philippines. Founded in 1962 by Jose Concepcion Sr., the company started as Concepcion Industries Inc. (CII) with the aim of providing advanced cooling technology to Filipino homes. CII obtained an exclusive license to manufacture and distribute the Carrier Air Conditioning brand in the Philippines. Over the years, CIC has expanded its portfolio of products and services to cater to the needs of both homes and businesses. The company is committed to innovation and creating new solutions for its customers. CIC operates through six subsidiaries, including Concepcion-Carrier Airconditioning Company (CCAC), Concepcion Durables Inc. (CDI), Concepcion Midea Inc. Philippines (CMIP), Concepcion Otis Philippines Inc. (COPI), Concepcion Business Services Inc. (CBSI), and Cortex Technologies Corporation (CTC). CIC's main goal is to create environments where Filipinos can work, relax, and live comfortably. The company strives to provide quality products and services to create happier spaces for its customers.

Headquarters
308 Sen, Gil Puyat Ave, Metro Manila
Makati; National Capital Region; Postal Code: 1209

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Website: http://www.cic.ph

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1997
Key Executives
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Chairman
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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22.11%
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22.1%
Subsidiaries
Alstra
100%
Cbsi
100%
Cdi
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
11.28%
Total operating revenue
11.51%
Operating profit (EBIT)
30.83%
EBITDA
21.77%
Net Profit (Loss) for the Period
86.36%
Total assets
4.01%
Total equity
3.45%
Operating Profit Margin (ROS)
0.95%
Net Profit Margin
1.83%
Return on Equity (ROE)
4.28%
Debt to Equity Ratio
-1.92%
Quick Ratio
0.19%
Cash Ratio
0.13%

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