Petron earnings dip despite higher demand for oil in Q1 | Lenie Lectura

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Petron Corp.’s first quarter earnings stood at P3.4 billion, slightly lower than last year’s P3.6 billion, mainly on account of higher financing cost. Know more:

Petron Corp.’s first quarter earnings stood at P3.4 billion, slightly lower than last year’s P3.6 billion, mainly on account of higher financing cost.

“It’s still a promising start to the new year,” said Petron President Ramon S. Ang. “The consistent rise in fuel demand and better industry conditions, combined with our efficiency and volume-generating measures contributed to our results in the first quarter.” “Despite external challenges, we remain confident in our ability to navigate the highs and lows of this industry as we work on achieving a full financial recovery this year,” said Ang.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ACEN eyes more investment deals | Lenie LecturaACEN Corp., the listed energy platform of conglomerate Ayala Corp., is expected to forge more investment deals abroad in the next few months. “I wouldn’t be surprised if we would announce new investments overseas this year. I can see a few projects, which should be ready for investment decision in…
Source: BusinessMirror - 🏆 19. / 59 Read more »