Upson International Corp. (Upson) reported a 68.6 percent jump in net income rise to P400.23 million in the first nine months of 2022 from the P237.38 million booked for the same period last year.

In a statement, the firm said net sales improved 10.17 percent to P7.03 billion from the P6.38 billion recorded in the same period of 2021 on the back of higher sales volumes and more efficient operations.

Upson is the country’s leading retailer of personal computers (PC) and information technology (IT) products, having a combined network of more than 200 branches nationwide, with their retail brands namely Octagon, Micro Valley, Gadget King, and other specialty and concept stores.

According to Upson President and CEO Arlene Sy, the retail market was challenged by the significant loss of foot traffic caused by the pandemic.

However, the long periods of immobility prompted the market to adapt by implementing various arrangements, which include online learning and work-from-home set-ups.

“Amidst an industry-wide shortage of supply, Upson still recorded revenue growths of 5.15 percent and 7.66 percent in 2021 and 2020, respectively,” Sy said.

To date, Upson carries over 13,000 PC and IT products, some of which are exclusively sold by its stores. Over the years, the Company has been named top distributor, dealer of the year, retail partner of the year, and top national sales by its long-standing suppliers such as Acer, Asus, Epson, HP, Seagate, and more.

Moving forward, Upson aims to continue to be at the forefront in support of the nation’s drive toward technological advancement.

“We are thankful for our loyal customers who continuously patronize our products. I also commend the entire Upson family for their efficient and diligent work, which empowered us to keep growing,” Sy said.

She noted that, “Upson is committed to assist our country towards technology and digitalization. Our roll out plan is to add 250 more branches over the next 3 to 5 years.”

“We shall continue to provide authentic, untampered, and high-quality PCs and IT products for all Filipinos up to the farthest possible corners of our country,” Sy added.