DENNIS Uy-led Phoenix Petroleum Philippines, Inc. recorded net income of P1.792 billion in 2017, up 65 percent from the P1.092 billion the independent oil company recorded in 2016.
In a disclosure on Thursday, Phoenix Petroleum attributed its income growth to higher sales volume from the addition of new stations, acquisition of new direct commercial accounts across various industries, and consolidation of its liquefied petroleum gas (LPG) business in August 2017.
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