Topline sets sights on fuel market share gains in Visayas

Top Line Business Development Corp. (Topline) sees room for continued growth as it scales up its retail fuel presence in the Visayas through acquisitions and expanded capacity, supporting its goal of capturing a larger share of the regional fuel market.

- Revin Mikhael D. Ochave

Topline Chairman, President, and Chief Executive Officer Eugene Erik C. Lim said the expansion of the company's retail fuel subsidiary, Light Fuels Corp., is expected to support its financial performance this year.

He said the company is targeting to have 50 Light Fuels-operated stations in place by yearend.

"We're hoping it can be a banner year because of the 50 (fuel) stations. From three stations last year, then it is now hopefully 50 stations this year. It's really a banner year," Mr. Lim said in an interview on the sidelines of the company's 12^th anniversary event held last Friday.

Topline announced last Thursday its plan to acquire a gasoline station in Consolacion, Cebu from Phoenix Petroleum Philippines, Inc., a company led by Dennis A. Uy, for P8.5 million.