SBS PH net income drops to P35M

By Brix Lelis

Mar 06, 2024 12:30 am

CHEMICAL distributor SBS Philippines Corp. saw its net income decline by 74.3 percent to P35.2 million in 2023, from P137.1 million a year earlier, following lower revenues and higher expenses.

Sales amounted to P1.0 billion, down 16.7 percent compared to the P1.2 billion generated in 2022, based on the company's published audited financial statements.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Maharlika inks deal for NGCP 'foothold'

Peso weakens; PSEi falls to 6,100 territory

Attempts to access blocked websites surge

China factory activity falls; first time in four months

ADB, Ayala ink $100-M deal to boost electric mobility in PH

PH tobacco output seen growing

Solar panels a potential opportunity for country