INDUSTRIAL firm Pryce Corp. on Tuesday said that net income for the first nine months of 2024 soared 40 percent to P2.21 billion from last year's P1.58 billion, largely due to improved sales margins and lower landed costs of liquefied petroleum gas (LPG) products.
INDUSTRIAL firm Pryce Corp. on Tuesday said that net income for the first nine months of 2024 soared 40 percent to P2.21 billion from last year's P1.58 billion, largely due to improved sales margins and lower landed costs of liquefied petroleum gas products.Consolidated revenues grew 7 percent to P15 billion from last year's P14 billion, the company said in a stock exchange filing.
56 percent; while pharmaceuticals added another P36.48 million, or 0.24 percent.Gross profit for the period improved 29.4 percent to P4.41 billion from P3.69 billion a year ago even as the cost of sales and services rose 2.78 percent year on year, the company said.Income from operations climbed 23.32 percent year on year to P2.64 billion, while operating expenses rose 14.14 percent.
9-Month Profit Surges 40% To P2.2B
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