Pangilinan-led PXP Energy Corp. reported a wider net loss of P57.1 million in 2017 against P36.4 million in 2016 ago due in part to the absence of foreign exchange gains and income tax benefit that were recorded in the previous year.

In a disclosure, PXP Energy said on Wednesday that consolidated net loss attributable to equity holders of the parent company stood at P39.1 million in 2017 from P22.4 million in the previous year.

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