C02003-2017

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Apr 6, 2017
2. SEC Identification Number
147669
3. BIR Tax Identification No.
000-432-378
4. Exact name of issuer as specified in its charter
Cosco Capital, Inc.
5. Province, country or other jurisdiction of incorporation
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 900 Romualdez St., Paco, Manila Postal Code 1007
8. Issuer's telephone number, including area code
522-8801 to 04
9. Former name or former address, if changed since last report
None
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common share 7,375,408,964
11. Indicate the item numbers reported herein
Other matters

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cosco Capital, Inc.COSCO

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Press Release of Cosco Capital, Inc. entitled, "Cosco Net Income up 7% to PHP 7.5 billion".
Background/Description of the Disclosure

Cosco Net Income up 7% to PHP 7.5 billion

April 7, 2017, Manila, Philippines – Cosco Capital, Inc., the retail holding firm of Mr. Lucio L. Co, reported a 10.7% growth in consolidated revenues to PHP 129.2 billion and consolidated net income growth of 7% to PHP7.5 billion during the full year 2016.

Net Income attributable to equity holders of the parent company grew by 5.42% to PHP4.73billion. The group’s grocery retailing businesses, Puregold Price Club, Inc. and S&R Membership Shopping Club, contributed 59% of total profits, followed by the Commercial Real Estate segment with 22% and the Liquor Distribution with 16%. The group’s Specialty Retailing segment, composed of Liquigaz Philippines Corporation (“Liquigaz”) and Office Warehouse, Inc., accounted for 7% of net profit.

“We are pleased to announce our full year 2016 financial results. Our strength in retailing shows through the continued growth in our grocery, liquor, and office supplies and technology products retail businesses. Despite challenges in the LPG space, we believe that 2017 would be a better year for Liquigaz. Cosco Capital is continuously investing in our subsidiaries to support its growth momentum, in addition to actively seeking for new strategic business opportunities in the retailing space.” said Cosco Capital, Inc. President, Mr. Leonardo B. Dayao.

On a per segment basis, the Group’s grocery retail segment grew its Consolidated Revenues by 15.9% to PHP112.6 billion, while Consolidated net income increased by 10.5% to PHP5.53 billion. As of year-end 2016, the Grocery Retailing segment is operating a total of 329 stores nationwide.

Liquor Distribution’s Revenues increased by 4% to PHP5.9 billion on the back of an 18% increase in volume of cases sold during the year.

Office Warehouse, Inc.’s revenues grew by 18% to PHP1.54 billion and is operating a total of 71 retail outlets. Liquigaz revenues declined by 24.7% to PHP8.93 billion mainly due to the decline in global LPG prices during the year.

The group’s Commercial Real Estate segment posted a 4% decline in revenues to PHP 2.33 billion and net income remained flat at PHP1.02 billion in 2016.
Other Relevant Information

None.
Filed on behalf by:
Name Candy Dacanay-Datuon
Designation Assistant Corporate Secretary