Pryce sees P900-M profit this year

PRYCE Corp., a listed company mainly engaged in the retail of cooking gas and property development, said its net income for 2016 year could hit P900 million, which would enable it to finally declare cash dividends after emerging from corporate rehabilitation.

In an interview, company chairman Salvador Escano said that given its performance this year, Pryce might be able to book a net income of P900 million, which is 53 percent higher than last year’s net earnings of P586.3 million.