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Petron sees P12-B profit for 2023
The Philippine Star
|December 26, 2023
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.
यह कहानी The Philippine Star के December 26, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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