Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Philippines>>Energy>>Petron Corp. net income up 30% in 2017

NEWS UPDATES Asean Affairs  March  15, 2018  










Petron Corp. net income up 30% in 2017

Petron Corp. reported on Tuesday a 30-percent climb in consolidated net income last year, driven largely by higher sales.

In an emailed statement, the oil refining and marketing company reported a net income of P14.1 billion for the full-year 2017, compared with P10.8 billion a year earlier.

“This was fueled by strong sales volumes and continued focus on high-value segments in its Philippines and Malaysia operations,” the company said.

Consolidated sales revenues rose by 26 percent to P434.6 billion from P343.8 billion, while operating income grew by 16 percent to P27.6 billion.

The company sold 107.8 million barrels in 2017 versus 105.7 millionin 2016.

“We were able to capture increased fuel demand with the robust growth in the Philippine and Malaysian economies,” Petron president and CEO Ramon Ang said.

“Underpinned by large-scale infrastructure projects, we see strong demand growth in both markets over the medium-term and this bodes well for our business,” he said. —Jon Viktor Cabuenas/VDS, GMA News


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       March 15, 2018 
• Petron Corp. net income up 30% in 2017 Subcribe: Asean Affairs Global Magazine
• Microfinance institution goes digital to educate migrant factory workers Subsribe Now !
• Hai Duong attracts FDI worth $185mn
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Peso unchanged ahead of US inflation data
• Vinh Long to host investment promotion conference
Asean Analysis                  February 8,  2018
• Asean Analysis February 8, 2018
QUESTIONS FOR TRIPALLY FROM WWW.ASEANAFFAIRS.COM
Advertise Your Brand

Asean Stock Watch   March 13,  2018

• Asean Stock Watch-March 13, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com