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Petron earnings down 25% as margins narrow

By Inquirer - 2 weeks ago
Leading oil firm Petron Corp. of billionaire Ramon S. Ang suffered a 25-percent drop in its bottom line in the first nine months due to crude market turbulence that gnawed on operating margins. The company reported on Tuesday that its net income in the January to September period had reached P7.1 billion, down from P9.5

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