Upson International Corp., the country’s largest retailer of personal computers and IT products, on Thursday reported a 68.6-percent increase in nine-month net income to P400.23 million from P237.38 million in the same period last year.
The company said net sales went up 10.17 percent in the first nine months to P7.03 billion from P6.38 billion a year ago.
Upson president and chief executive Arlene Sy said the retail market suffered a significant loss of foot traffic amid the pandemic, but the long period of immobility prompted the market to adapt by implementing various arrangements, which included online learning and work-from-home set-ups.
“Amidst an industrywide shortage of supply, Upson still recorded revenue growths of 5.15 percent and 7.66 percent in 2021 and 2020, respectively,” Sy said.
Upson’s over 200 branches nationwide carry the retail brands Octagon, Micro Valley, Gadget King and other specialty and concept stores.
The company earned distinctions such as top distributor, dealer of the year, retail partner of the year and top national sales from long-standing suppliers Asus, Epson, HP, Seagate and others.
Upson aims to continue to be at the forefront in support of the nation’s drive toward technological advancement.
“We are thankful to 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,” said Sy.
“Upson is committed to assisting our country towards technology and digitalization. Our rollout plan is to add 250 more branches over the next three to five 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 said.