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Philex Petroleum trims losses on assets sale

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Philex Petroleum Corp. managed to reduce its losses in 2013 compared to the previous year after unloading a number of assets.   In a disclosure to the Philippine Stock Exchange, Philex Petroleum said its audited consolidated net loss reached P101.2 million for 2013 compared with a consolidated net loss of P1.086 billion in 2012.   [...]

Posted: February 21st, 2014 in Headlines | Read More »

Philex Petroleum records loss in H1

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Philex Petroleum Corp.’s first-half loss ballooned due to foreign currency conversion losses on the company’s dollar denominated advances from parent firm Philex Mining Corp.

Posted: July 26th, 2013 in Headlines | Read More »

Philex Petroleum posted P1.09-B net loss in 2012

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Philex Petroleum Corp., led by businessman Manuel V. Pangilinan, posted a net loss of P1.09 billion last year, a reversal of the P537 million in net income registered in 2011.

Posted: February 22nd, 2013 in Editor's Pick,Headlines | Read More »

Philex Petroleum posts P80.5M net loss

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Philex Petroleum Corp. posted a consolidated net loss of P80.49 million in the first half, a reversal of the P523.09 million in net profit it recorded during the same period last year.

Posted: July 26th, 2012 in Headlines | Read More »

MVP group firm on gas drilling plan

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The group of businessman Manuel V. Pangilinan is committed to the drilling work program at the Recto Bank prospect under a gas exploration concession agreement with the Philippines, which is embroiled in a territorial dispute with China in the West Philippine Sea.

Posted: July 23rd, 2012 in Headlines | Read More »

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