PETRON Corporation, the Philippines’ largest integrated oil company, posted on Monday a consolidated net income of P5.3 billion for the first half of 2016, up 55 percent from the P3.4 billion recorded a year earlier, on strong growth in sales volumes.
Petron said earnings improved on an expansion in sales volumes supported by its aggressive network expansion, improved production and cost efficiencies, and a deeper focus on customer programs.
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