Uy-led Phoenix Petroleum Philippines Inc. suffered P466.201-million loss in 2021, significantly wider as against the P62.56-million loss it registered in 2020, according to a financial statement submitted to the Philippine Stock Exchange. Nevertheless, the company’s earnings before interest, tax
Uy-led Phoenix Petroleum Philippines Inc. has registered sustained demand expansion for its liquefied petroleum gas (LPG) business, partly due to robust sales in the canister segment. The firm’s Phoenix Super LPG brand, according to the company, already cornered 32 percent market share, a signif
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Published May 12, 2021, 5:00 AM
Listed firm Phoenix Petroleum Philippines Inc. has declared cash dividend that will be paid to holders of its Series 4 (PNX4) preferred shares, according to the firm’s disclosure to the Philippine Stock Exchange.
The payout will be anchored on 7.5673-percent per annum interest rate; and will cover shareholders as of record date May 21, 2021 and to be settled on May 24 this year.
For the PNX3B series of the company’s preferred shares, it stated that go-signal on cash dividend declaration “has yet to be approved, including pertinent dates, which have yet to be set and determined.”
The Uy-led oil firm previously indicated that for it to shore up revenue stream, it will be re-calibrating business pivot to the high-margin retail segment of the downstream oil sector as well as on the liquefied petroleum gas (LPG) market.
Published April 18, 2021, 1:30 AM
As household budgets are generally tight because of the lingering pandemic, independent player Phoenix Petroleum Philippines Inc. is dangling liquefied petroleum gas (LPG) canisters as a more affordable option for lower income consumers.
The company’s Phoenix Super LPG brand has so far started with the LPG canister offering in the Visayas and Mindanao markets via a partnership with Philippine Eco-Gas Producer Cooperative (PEPC); and since 2019, it noted that this is now a thriving alternative for the cooking fuel needs of families.
As emphasized, the capacity of the LPG canister hovers at 200 grams – and this can last for two (2) hours of cooking time, depending on the usage of the consumer.