Splash Corp., the Philippine manufacturer of beauty and personal care products, is looking to end the year with a more than five-fold increase in net earnings and a 15-percent growth in sales revenues on the back of new product launches and successful cost-containment measures.
We are confident that we will deliver our full-year performance target of 450 percent increase in net income. We attribute this to efficient use of plant assets, tighter control on expenses, launch of our new products like Hygienix and Skinwhite Teens Lotion and the strong performance of our three business segments – domestic, international and direct selling,” said company, president and COO Eric Domagas.
The group’s direct selling business will expand to 11 full-blown branches and 26 independent centres run by dealers by the first quarter next year, according to Domagas.
(Source: philstar.com)