Phoenix Petroleum logs 27% income growth to P1.32 B in 9 months 2 SHARES Share it! Share TweetBy Myrna M. VelascoListed firm Phoenix Petroleum Philippines, Inc. has logged 27 percent income jump to P1.32 billion in the first nine months from the year-ago level of P914 million, which it mainly attributed to gain in sales volume. Revenue-wise, the Uy-led oil firm emphasized that it doubled to P64.96 billion within the January-September financial review period – as its volume of petroleum products sold climbed by a significant 51 percent. As noted by Phoenix Petroleum Chief Operating Officer Henry Albert Fadullon, the company is seamlessly scouring for opportunities and takes grip on it when presented by the dynamic and competitive landscape of the industry. “We are broadening our products and services – fuels, LPG, convenience stores, payments and soon asphalt,” the Phoenix Petroleum executive said.

Source: Manila Bulletin November 10, 2018 13:52 UTC