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                    [ArticleID] => 170148
                    [Title] => Petron income jumps 84% to P1.24B
                    [Summary] => Petron Corp. reported yesterday that its net income increased 84 percent to P1.24 billion in the first six months of 2002, from P673 million in the same period last year.


In the company’s annual stockholders’ meeting, Petron president Motassim Al-Ma’ashouq said the improvement in the firm’s bottomline could be attributed to the higher gross margins and the implementation of intensified cost management program.


                    [DatePublished] => 2002-07-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 95319
                    [Title] => Slack in demand forces Petron to reduce capex
                    [Summary] => Petron Corp., the country’s largest oil refinery, is likely to trim its P830-million budget for capital expenditures this year following the expected slowdown in oil demand.


"It (capex) could go lower depending on the demand," Petron president and chief executive officer Motassim Al-Ma’ashouq told reporters over the weekend. He did not say how much the cut would be.


Al-Ma’ashouq said they implemented the same strategy last year when they deferred some capital expenses due to poor financial performance.


                    [DatePublished] => 2001-05-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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ASHOUQ

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                    [ArticleID] => 170148
                    [Title] => Petron income jumps 84% to P1.24B
                    [Summary] => Petron Corp. reported yesterday that its net income increased 84 percent to P1.24 billion in the first six months of 2002, from P673 million in the same period last year.


In the company’s annual stockholders’ meeting, Petron president Motassim Al-Ma’ashouq said the improvement in the firm’s bottomline could be attributed to the higher gross margins and the implementation of intensified cost management program.


                    [DatePublished] => 2002-07-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 95319
                    [Title] => Slack in demand forces Petron to reduce capex
                    [Summary] => Petron Corp., the country’s largest oil refinery, is likely to trim its P830-million budget for capital expenditures this year following the expected slowdown in oil demand.


"It (capex) could go lower depending on the demand," Petron president and chief executive officer Motassim Al-Ma’ashouq told reporters over the weekend. He did not say how much the cut would be.


Al-Ma’ashouq said they implemented the same strategy last year when they deferred some capital expenses due to poor financial performance.


                    [DatePublished] => 2001-05-29 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

Petron income jumps 84% to P1.24B

By Donnabelle L. Gatdula | July 30, 2002 - 12:00am

Petron Corp. reported yesterday that its net income increased 84 percent to P1.24 billion in the first six months of 2002, from P673 million in the same period last year. In the company’s annual stockholders’...

Business

Slack in demand forces Petron to reduce capex

May 29, 2001 - 12:00am

Petron Corp., the country’s largest oil refinery, is likely to trim its P830-million budget for capital expenditures this year following the expected slowdown in oil demand. "It (capex) could go lower...

Business