Splash income grows 13-fold

Personal care products manufacturer Splash Corp. posted a net income of P160 million last year, nearly 13 times the P12 million reported in 2014.

Sales rose eight percent to P3.78 billion with local operations growing 12 percent and the international business rising 13 percent.

The food division under Barrio Fiesta Manufacturing Corp. also recorded a three percent growth in sales. Net earnings reached P10 million.

In terms of products, sales of flagship products SkinWhite and MaxiPeel continued to grow at satisfying rates despite tougher competition.

SkinWhite Glutathione, a new whitening variant, doubled its sales on the back of a creative advertising campaign.

“The growth of the personal care business in international operations was mostly through its focus on naturals, capitalizing on the growing trend of consumers toward organic and natural- based products,” Splash said.

The company continues to build its distribution base, focusing on markets where the retail landscape is still developing, like Nigeria in Africa and Indonesia in ASEAN.

For its food division, Splash introduced new products in the US. These include cooking vinegar, dried fish and dried taro leaves which were commercialized in North America and the Middle East.

Prime Global Distribution Corp., which distributes Splash personal care and food products alongside products from other principals in the Philippines, gained new principals – Rhodesian Corp. for its Tai Chi line of pet care, grooming and food supplements, and Healthy Innovations for its Marvel and DC themed health care products.