PRYCE Corp. said Wednesday that its net income had grown by 39.5 percent to P713.68 million in the first quarter, from P511.54 million a year earlier, on the back of higher liquefied petroleum gas (LPG) margins.
Revenues, however, were 9.50 percent lower at P4.69 billion from P5.18 billion following a drop in average contract prices (CP) to $633.67 per metric ton from $708.17 and a decrease in sales.
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