Cosco Capital hits record P4.5 B earnings
MANILA, Philippines – Cosco Capital Inc. hit record earnings last year and hopes to continue the momentum this year on robust consumer spending.
The retail holding firm of Lucio Co said net income jumped 12 percent in 2015 to P4.49 billion from P 4.03 billion the previous year.
“With continued economic growth and strong consumer sentiments, we believe that we can achieve another record year of profits in 2016,” Cosco president Leonardo Dayao said.
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