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Petron profit hits P7.1 B
The Philippine Star
|November 06, 2024
Oil giant Petron Corp. saw its earnings in the first nine months decline amid political conflicts in the Middle East and sluggish demand in China.
In a regulatory filing yesterday, the company reported a 25-percent drop in net income to P7.1 billion from P9.5 billion on a yearly basis.
Revenues, on the other hand, improved by 12 percent to P657.93 billion from P587.28 billion due to sustained volume growth during the period.
Dit verhaal komt uit de November 06, 2024-editie van The Philippine Star.
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