Petron earnings falter on higher financing cost

MANILA  -Tycoon Ramon Ang-led Petron Corp. logged a slight dip in earnings in the first quarter despite strong sales volume and fuel demand, the oil company said on Wednesday. Petron’s net income from January to March declined to P3.4 billion from P3.6 billion in the same period last year due to higher financing costs. This … Continue reading Petron earnings falter on higher financing cost