Top Line full-year profit soars 48% to P114M
Top Line saw a significant rise in sales in 2024. (Contributed photo)
MANILA, Philippines — Top Line Business Development Corp. recorded a 48-percent increase in its net income last year. The fuel retailer saw a significant rise in sales in 2024.
The company on Friday disclosed that its earnings soared to P114.21 million from P77.16 million.
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This, as commercial fuel trade saw a substantial increase to P3.35 billion against the P2.77 billion booked in 2023.
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Just last month, the Lim family-led group completed the first initial public offering of 2025. This enabled the Top Line to raise P732.62 million.
Top Line said a portion of the proceeds would fund the construction of 20 retail fuel stations.
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