State-owned PNOC Exploration Corp., the oil and gas arm of Philippine National Oil Co., said its net income for the three quarters to September fell 41 percent from a year earlier as revenue dropped 29.7 percent.
The company’s earnings results show its profit for January to September slid to P1.043 billion from P1.779 billion in the corresponding year-earlier period. Revenue fell to P3.494 billion from P4.97 billion.
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