US EditionPublished • loading... • Updated
PetroEnergy Q3 income drops 45% on oil revenue dip, expansion costs - BusinessWorld Online
Summary by bworldonline.com
1 Articles
1 Articles
PetroEnergy Q3 income drops 45% on oil revenue dip, expansion costs - BusinessWorld Online
YUCHENGCO-LED PetroEnergy Resources Corp. posted a 44.9% drop in third-quarter net income to P46.5 million, as lower oil revenues and higher costs from new solar projects weighed on earnings. For the three months ending September, the listed energy company recorded gross revenues of P843.93 million, down 4.9% from P887.44 million in the same period last year. For the nine-month period, PetroEnergy posted an attributable net income of P297.54 mil…
Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
