Pilipinas Shell Petroleum Corp. posted a net loss of P3.3 billion in the third quarter of the year, but was still able to record a total net income of P4.4 billion from January to September this year. Know more:
PILIPINAS Shell Petroleum Corp. posted a net loss of P3.3 billion in the third quarter of the year, but was still able to record a total net income of P4.4 billion from January to September this year.
Osial also expressed confidence the firm will finish the year “with strong volume delivery with the progressive opening of the economy.” Earnings before interest, taxes, depreciation and amortization increased by 8.5 percent mainly due to impact of post-tax inventory gains during the period. “Domestic fuel volume was sharply lower in the third quarter, with the overseas trading business, likewise, taking a breather after consecutive quarters of unprecedented growth,” the company reported.
On a per unit Ebitda basis, it saw a 21-percent growth year-to-date as it continues to exercise prudence in operational expenditure and capital expenditure and enhance productivity and efficiency across businesses.
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