Petron says net income in 2016 up 73 pct | ABS-CBN
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Petron says net income in 2016 up 73 pct
Petron says net income in 2016 up 73 pct
ABS-CBN News
Published Mar 14, 2017 03:12 PM PHT
MANILA - Petron Corp. said Tuesday its consolidated net income in 2016 jumped 73 percent to P10.8 billion as sales hit record highs.
MANILA - Petron Corp. said Tuesday its consolidated net income in 2016 jumped 73 percent to P10.8 billion as sales hit record highs.
Combined sales from Petron's Philippine and Malaysian operations hit a record 104.3 million barrels, a 6 percent growth from the 98 million barrels sold in 2015, it said.
Combined sales from Petron's Philippine and Malaysian operations hit a record 104.3 million barrels, a 6 percent growth from the 98 million barrels sold in 2015, it said.
Petron president and chief executive Ramon Ang said the company was poised to sustain growth this year.
Petron shares were up 0.81 percent to P8.72 on Tuesday.
Petron president and chief executive Ramon Ang said the company was poised to sustain growth this year.
Petron shares were up 0.81 percent to P8.72 on Tuesday.
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