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.
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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…
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