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Crown Asia Chemicals Corporation reported an 87.2% increase in first quarter earnings to P32.2 million, compared to P17.2 million in the previous year. Revenues grew 17.1% to P277.3 million. Pipe group sales increased 47.4% to P130.6 million owing to strong project and trade sales. Compounds sales declined slightly by 1.2% due to downward price adjustments passed on to customers, but was offset by higher sales volume. Compounds division net earnings grew 57.3% to P14 million while pipe group net earnings in

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BusinessWorld

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EN