Petron Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 220,246 million compared to PHP 232,621 million a year ago. Net income was PHP 3,102 million compared to PHP 378 million a year ago. Basic earnings per share from continuing operations was PHP 0.17 compared to basic loss per share from continuing operations of PHP 0.1 a year ago.
For the nine months, sales was PHP 587,283 million compared to PHP 631,138 million a year ago. Net income was PHP 8,750 million compared to PHP 7,139 million a year ago. Basic earnings per share from continuing operations was PHP 0.49 compared to PHP 0.39 a year ago.