SBS Philippines Corp. (SBS) bounced back from a loss in the first quarter, posting a profit of P27.4 million from a P20.8- million loss last year.
Sales reached P288.7 million, up 66 percent from last year’s P174.1 million.
“SBS achieved sales growth across all segments particularly the business recovery of the industrial and the feed and veterinary segments from the challenges in 2021,” said Necisto Sytengco II, SBS vice chairman.
“Our wide product portfolio, reliable inventory, and efficient supply chain allow SBS to serve our customers’ requirements timely despite the global logistic disruption that affects many of our peers in the market. This strengthened our position as the preferred one-stop shop supplier of chemical raw materials in the country,” he added.
