P-H-O-E-N-I-X Petroleum Philippines, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023 at 05:20 am EDT
Share
P-H-O-E-N-I-X Petroleum Philippines, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 70.53 million compared to PHP 75.75 million a year ago. Revenue was PHP 14,600.83 million compared to PHP 39,703.53 million a year ago. Net loss was PHP 1,097.66 million compared to net income of PHP 143.48 million a year ago. Basic loss per share from continuing operations was PHP 0.76. Diluted loss per share from continuing operations was PHP 0.76.
For the six months, sales was PHP 114.11 million compared to PHP 118.95 million a year ago. Revenue was PHP 27,557.25 million compared to PHP 76,185.32 million a year ago. Net loss was PHP 2,061.39 million compared to PHP 120.81 million a year ago. Basic loss per share from continuing operations was PHP 1.43 compared to PHP 0.29 a year ago. Diluted loss per share from continuing operations was PHP 1.43 compared to PHP 0.29 a year ago.
P-H-O-E-N-I-X Petroleum Philippines, Inc. is primarily engaged in marketing and distribution of petroleum products to retail and commercial and industrial customers, as well as operating oil depots, storage facilities, and other allied services. The Company's segments include Trading, Depot and Logistics Services, and Real Estate. The Trading segment is engaged in marketing, merchandising, purchasing, selling, dealing, acquiring, disposing and distributing goods and wares, such as petroleum products (on a wholesale basis), adhesives, glues, bonding agents, epoxy resins and lubricants, among others. The Depot and Logistics Services segment is engaged in operating oil depots and storage facilities and providing logistics services. The Real Estate segment is involved in real estate development, management and operations. The Companyâs products include fuels, lubricants, liquified petroleum gas (LPG), asphalt and PNX lubricants.
P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC. 
