P-H-O-E-N-I-X Petroleum Philippines, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 43.59 million compared to PHP 43.19 million a year ago. Revenue was PHP 12,956.43 million compared to PHP 36,481.79 million a year ago.

Net loss was PHP 963.73 million compared to PHP 264.29 million a year ago. Basic loss per share from continuing operations was PHP 0.67 compared to PHP 0.3 a year ago. Diluted loss per share from continuing operations was PHP 0.67 compared to PHP 0.3 a year ago.