Senator Erwin Tulfo questioned GenCorp Industries Inc.’s sharp increase in sales after Vice President Sara Duterte assumed office in 2022, raising possible conflict-of-interest concerns during her impeachment trial.
Tulfo noted that the company’s sales jumped from ₱28 million in 2021 to ₱300 million in 2022 and reached ₱520 million in 2025.
He also questioned the ₱2.14 million in payments Duterte received from the company between 2022 and 2025, which were described as returns of capital.
Defense witness and GenCorp counsel Suzette Balucanag-Punay attributed the sales growth to the company’s acquisition of five Jollibee branches but said she could not explain its financial figures.
Duterte was previously described as having a loose investment in the Jollibee Times Square branch, which was later transferred to GenCorp.
Source: PhilNews24 | November 12, 2026
GENCORP’S 2022 SALES SURGE RAISES QUESTIONS FROM TULFO
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