Listed independent oil firm Phoenix Petroleum Philippines Inc. registered a significant first-half performance amid its on-going expansion program.

In a disclosure to the Philippine Stock Exchange, Phoenix Petroleum reported that its net profit grew 39.7 percent to P372.3 million from the P266.4 it earned in the same period last year. Also, the oil company’s revenue for the period increased to P21.8 billion, or 28 percent higher than the P17 billion the company recorded in the same period of 2012.

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