‘Almost times 10’: Gencorp sales surged from ₱28.1M to ₱300M in 2022

Manila Bulletin

On the 27th day of Vice President Sara Duterte’s impeachment trial, the court heard that Gencorp Industries Inc. increased its sales from ₱28 million in 2021 to ₱300 million in 2022, which is almost ten times higher. Atty. Erwin Matib pointed out that this growth happened in the same year Vice President Sara Duterte assumed office. Gencorp Industries Inc. was also included in Duterte’s Statement of Assets, Liabilities and Net Worth (SALN). (Video courtesy of Senate of the Philippines)  Subscribe to the Manila Bulletin Online channel! -  https://www.youtube.com/TheManilaBulletin  Visit our website at http://mb.com.ph Facebook: https://www.facebook.com/manilabulletin  Twitter: https://www.twitter.com/manila_bulletin  Instagram: https://instagram.com/manilabulletin  Tiktok: https://www.tiktok.com/@manilabulletin   #VPSaraOnTrial #ManilaBulletinOnline   #ManilaBulletin  #LatestNews

Transcript

00:00Well, noong 2022 po, lumaki po ang kanilang sales from $28,000,000 naging $300,023,052 po.

00:10Okay, so lumaki almost times 10. Tama po ba yung paglaki ng sales ng kumpanyang ito for 2022?

00:18Tama po.

00:20Sige, punta tayo sa susunod na table at ito ay ang data from audited financial statements o AFS.

00:29Based po sa data na nandito, magkano po yung naging sales nitong Gencorp Industries Incorporated para sa taong 2021?

00:41Para po sa taong 2021, ayon sa financial statement, ang kailang sales po ay merong total na $28,087,703.

00:58At ano naman po ang mapapansin ninyo sa sales ng kumpanyang ito pagdating ng year 2022?

01:07Well, noong 2022 po, lumaki po ang kanilang sales from $28,000,000 naging $300,023,052 po.

01:18Okay, so lumaki almost times 10. Tama po ba yung paglaki ng sales ng kumpanyang ito for 2022?

01:25Tama po.

01:28Sir, kailan po ulit na elect si Respondent Sara Duterte as Vice President?

01:34Nanung pa po siya noong June 30, noon 2022.

01:39Okay, the same year na nagtala ng sales itong kumpanyang ito na $300,000,000 pesos, $23,052.

01:46Ngayon, punta tayo sa...

01:48Objection, Your Honor. Pardon, we move to strike the additional statements of the Council, Your Honor.

01:53These are conclusions of facts.

01:55Kindly reform, Attorney Irwin.

01:57You know, you may be friends.

01:57Yeah, you may be friends.

01:59Yes, you may beộc.

02:10Great.

02:10You

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