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Petron sees P12-B profit for 2023
December 26, 2023
|The Philippine Star
Oil giant Petron Corp. is poised to achieve a third straight year of growth, with earnings seen rising by more than half.
Petron president and CEO Ramon Ang said the company is projecting a net income of P12 billion for full year 2023.
The amount is 79 percent higher than the P6.7 billion profit the company recorded in 2022.
"2022 we were hit by sudden drop in world prices. It was up and down. That is where we got hit. Unlike in 2023, it was stable," Ang said.
Petron has been on a sustained recovery path since 2021 after suffering a net loss of P11.4 billion in 2020 due to the impact of the COVID-19 pandemic.
هذه القصة من طبعة December 26, 2023 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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