Philex Petroleum Corp. (Philex Petroleum) has reported a consolidated net income of P25.7 million for the three months ending March 31, 2014, reversing a consolidated net loss of P24.5 million from a year earlier.
Philex saw higher petroleum revenues from its United Kingdom-based subsidiary through its service contract in North West Palawan Basin, the company led by businessman Manny Pangilinan said in a filing with the Philippine Stock Exchange.
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