By James A. Loyola Concepcion Industrial Corporation, the leading provider of consumer and building industrial appliances, reported an attributable net income growth of 14 percent to P187 million for the first quarter of the year. In a disclosure to the Philippine Stock Exchange, the firm said this result was achieved on the back of a 7 percent improvement in net sales to P3.3 billion. “The first three months of 2019 has shown signs of a more stable outlook with steady commodity prices, less volatile FX and a more controlled inflation scenario” said CIC Chairman and CEO Raul Joseph A. Concepcion. He noted that, “highlights of our first quarter topline performance include strong sell-in offerings to counter the relatively slower consumer market as well as a stronger pipeline and order intake in the commercial segment Profitability was enhanced by a favorable cost and FX environment and the impact of more favorable pricing which has allowed us to continue to invest and explore avenues for future growth.”