Petron profit surges 51% to P10B in 2023

By Ed Paolo Salting

Mar 06, 2024 12:28 am

PETRON Corp. on Tuesday reported a 51-percent increase in net income for 2023 to P10.1 billion from around P6.7 billion in 2022.

The oil firm attributed the earnings increase to 'effective volume-generating strategies' in the Philippines and Malaysia amid continued efforts to optimize assets and resources, and respond to market volatility, among others.

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