Inquirer
MANILA, Philippines – PetroEnergy Resources Corp. saw a slight decline in first-quarter earnings due to no oil revenues and geothermal facility shutdowns, offsetting gains from its renewable energy portfolio. The Yuchengco-led energy company said Friday its net income attributable to equity holders of the parent company slipped to P139.92 million in the first quarter from P143.46 million a year ago. Consolidated net income likewise fell to P240.62 million from P280.80 million previously. READ: PetroEnergy 2025 profit falls to P618M PetroEnergy said its renewable energy operations remained the main contributor to revenues during the quarter. Electricity sales slightly increased due to […]... Keep on reading: PetroEnergy Q1 earnings slip to P140M
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