Pryce Corp profit jumps 53.6% to P301.7M in Q1

LISTED diversified firm Pryce Corp. said on Tuesday its net income in the first quarter of 2017 rose 53.6 percent to P301.7 million from P196.4 million a year earlier on the back of strong sales of cooking gas.

In a disclosure to the Philippine Stock Exchange (PSE), the company said consolidated revenues grew 52.3 percent from a year ago on higher sales volume of liquefied petroleum gas (LPG) and the significant number of new LPG cylinders sold under the PryceGas brand of its subsidiary Pryce Gases, Inc. during the past year.