Weak home upgrade trend trimmed Wilcon results in 2023

MANILA, Philippines — Higher expenses pulled down the 2023 profit of Wilcon Depot Inc., by 9.5 percent to P3.5 billion, even as the listed home improvement retailer maintained expansion plans in the postpandemic era. This happened despite Wilcon’s sales growing by 3.1 percent to P1.03 billion, the Belo-led company said in a stock exchange disclosure
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