8 months Phoenix Petroleum posts record income of P2.77-B MB |Biz
By Myrna M. Velasco Uy-led Phoenix Petroleum Philippines Inc. has posted a record-income growth of 82-percent to P2.77 billion in 2018 from the previous year’s P1.792 billion.   Source: (https://www.phoenixfuels.ph) The company attributed its income jump on “record volume from new businesses and sustained strength in its core fuels business.” The listed oil firm’s sales volume had been up 15-percent generally driven by fuels and its expanding market base in liquefied petroleum gas. The company’s revenues had also been on significant uptrend, with 99-percent growth to P88.61 billion last year from the 2017 level; while sales volume rose 49-percent to ... more