Leading oil firm Petron Corporation has doubled its consolidated net income from both Philippine and Malaysian operations to P7.7 billion in the first half of this year from a leaner P3.87 billion in the same period last year.
The oil firm specified that it logged consistent rise in its sales “amid recovering demand and waning pandemic concerns with its first semester sales showing double-digit growth from last year.”
He thus qualified that Petron is now moving forward “with hope and optimism as we roll out projects that will not only yield optimal returns for the company but more importantly, lead towards greater sustainability and create economic opportunities for more sectors.” “Sales volume improved across all trades with Petron’s commercial sales posting the highest increase as more industries, including aviation travel, rebounded from the pandemic’s impact,” the oil company stressed.
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