C06909-2017

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)
Nov 16, 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
(632) 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 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

Cosco Capital nets PHP 5.4 billion, up 6.2% in 9M2017
Background/Description of the Disclosure

Cosco Capital nets PHP 5.4 billion, up 6.2% in 9M2017

November 16, 2017, Manila, Philippines – Cosco Capital, Inc., the retail holding firm of Mr. Lucio L. Co, reported a consolidated net income growth of 6.2% to PHP5.4 billion during the first 9 months of 2017, driven by the much improved net income contribution of its liquefied petroleum gas business.

Net Income attributable to equity holders of the parent company grew by 5.6% to PHP3.42billion. The group’s grocery retailing businesses, Puregold Price Club, Inc. and S&R Membership Shopping Club, contributed 58% of total profits, followed by the Commercial Real Estate segment with 23% and the Liquor Distribution with 12%. The group’s Specialty Retailing segment, composed of Liquigaz Philippines Corporation (“Liquigaz”) and Office Warehouse, Inc., accounted for 12% of net profit.

“We are pleased with our financial and operational results for the first 9 months of the year. Our subsidiaries are continuously generating positive returns. We remain optimistic that 2017 will be a banner year for Cosco Capital on the back of a strong economy and robust consumption of the Filipino household.” said Cosco Capital, Inc. President, Mr. Leonardo B. Dayao.

The Group’s grocery retail segment, Puregold Price Club, Inc. and S&R Membership Shopping Club, grew its Consolidated Revenues by 11.2% to PHP87.6 billion, while Consolidated net income increased by 7% to PHP3.9 billion. The group opened a total of 17 new Puregold stores, 1 new S&R membership club and 8 new QSR during the 9-month period.

The Liquor Distribution business posted a 9.7% growth in revenues to PHP4.07 billion, on the back of a 17% increase in volume of cases sold during the period.

For the Specialty Retailing business segment, Liquigaz Philippines Corporation generated robust earnings with a 33.6% increase in revenues to PHP9 billion mainly driven by increase in sales volume and the gradual recovery in global LPG prices during the period, while Net Income after tax likewise increased by 27.5% to PHP391 million. Office Warehouse, Inc.’s revenues grew by 19.4% to PHP1.4billion and added 9 new stores during the 9-month period is operating a total of 77 retail outlets.

The group’s Commercial Real Estate segment posted PHP1.7 billion in total revenues, and an increase in net income of 3% to PHP801 million during the first 9 months.
Other Relevant Information

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