Petron posted flat profit growth in first 6 months

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Petron posted flat profit growth in first 6 months
Philippines Latest News,Philippines Headlines
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Petron Corp. said Tuesday it posted a flat net income growth in the first half of 2024 to P6 billion from P6.14 billion in the same period last year.

“Our prudent and strategic approach continues to pay off amid challenging economic conditions. Moreover, we were able to retain our edge in vital sectors and enjoy the trust of more and more customers. Our focus remains on strengthening the quality of our products and services while creating excellent value for our stakeholders,” said Petron president and chief executive Ramon Ang.

Petron said the solid volume outcome was fueled by the sustained performance of key segments, particularly retail and exports. Meanwhile, Petron’s retail segment, which posted a 10-percent increase, remained a key driver of the stellar volume performance through effective marketing programs.

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