P-H-O-E-N-I-X Petroleum Philippines, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 43.19 million compared to PHP 32.08 million a year ago. Revenue was PHP 36,481.79 million compared to PHP 28,810.39 million a year ago. Net loss was PHP 264.29 million compared to net income of PHP 120.8 million a year ago. Basic loss per share from continuing operations was PHP 0.3 compared to PHP 0.02 a year ago. Diluted loss per share from continuing operations was PHP 0.3 compared to PHP 0.02 a year ago.