WIRE โ€” CONCEPCION Industrial Corp. (CIC) reported an 89.4% decline in attributable net income for the second quarter (Q2) to P37.7 million from P355.4 million a year earlier, as lower gross profit, higher operating expenses, and weaker equity earnings from associate Concepcion Midea, Inc. (CMI) weighed on results. For the April-to-June period, net income fell 75% to

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