Monday, March 24, 2014

Petron’s consolidated net income rose nearly 300% in 2013—report

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3:30 pm | Monday, March 24th, 2014






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MANILA, Philippines — Petron Corp. reported Monday that it posted P5.1 billion in consolidated net income in 2013. This is nearly thrice the P1.78 billion income posted in 2012.


In a statement, Petron said “higher sales volumes for its Philippine and Malaysian operations” drove its profit higher.


The company reported 10 percent higher sales volumes at 81.5 million barrels in 2013 from 74.3 million barrels in 2012.


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Tags: Business , consolidated net income , fuel , oil and gas , petroleum products , Petron Corp.



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