Splash Corporation expects a higher net income for 2008

Splash Corporation, manufacturer of Personal Care Products in the Philippines, exceeded its target and will register positive growth in 2008 despite the difficult economicc environment last year.

Splash Corporation, maker of the leading and popular brands, Maxipeel, Extraderm, Skinwhite and Kolours has reached the Php 3.0 Billion revenue and Php 271 Million Net Income levels in year 2007. It is one of the most consistent performers in the Personal Care Category, fighting it out with Multi National Giants. Splash Corporation continues to be a source of pride among local businesses as it has withstood the test of time and strong competition from foreign brands.

Mr. Jessin Soriano, President and COO of Splash who was also just recently elected President of the Chamber of Cosmetics Industry of the Philippines (CCIP) said, “As we finalize our 2008 performance, we remain confident and optimistic that our yearend results both in terms of revenue and net income will be higher than previous year. Strong consumer acceptance of our Skin White and Maxipeel brands has enabled our company to exceed the P1 billion revenue mark in October and November 2008.

Splash Corporation as in the past, continues to be an aggressive player in the personal care category, successfully introducing new products/brands including Biolink, Extract, Extraderm, Tricks, Vitress. Recently, Splash launched new lines under the Theraherb brand namely: Up&Alert, 0ff-to-Bed and Slim&Slender to enhance its competitiveness in the health & wellness category which targets the growing call center market.

Today, the company directly employs over 300 employees and contributes to the Philippine economy through its vast network of business partners, distributors and retailers indirectly providing employment and income to hundreds of Filipino families.

Splash Corporation has gained significant international footprint as its Brands are now available in 25 countries across 3 continents. Mr. Soriano added that “We remain faithful and committed to our goal of becoming an international player in the personal care category and be a source of pride and inspiration to many other Filipino enterprises”.

Splash Corporation is a publicly traded company with majority shareholdings held by the Hortaleza family through Splash Holdings Inc. The company started out from very humble beginnings in 1985 and has grown to a P4-billion enterprise over time. .