DAVAO-BASED independent oil company Phoenix Petroleum Philippines (Phoenix Petroleum) posted net income of P1.09 billion in 2016, up 21 percent from the P905.9 million recorded in 2015.
In a disclosure to Philippine Stock Exchange (PSE) on Wednesday, the company said growth was driven by a 25 percent increase in fuel sales volume, hitting the 1.5 billion-liter milestone in 2016 amid solid growth in retail and commercial volume.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.