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Phoenix Petroleum Philippines, Inc.
#1
BUSINESS PROFILE

Phoenix Petroleum Philippines, Inc. (PNX) was originally incorporated on May 8, 2002 as Davao Oil Terminal Services Corporation. On August 7, 2006, the Securities and Exchange Commission approved the change in the Company's name to its present one.

PNX was registered with the Board of Investments in 2005 as a New Industry Participant with new investment in storage, marketing and distribution of petroleum products pursuant to the Downstream Oil Industry Deregulation Act of 1998.

PNX is engaged in the business of trading refined petroleum products, lubricants and other chemical products on a wholesale basis, operation of oil depots and storage facilities, and allied services mainly in Southern Philippines. Its products and services are distributed and marketed under the PHOENIX Fuels LifeTM trademark.

The Company's operations are divided between trading, and terminaling and hauling services. Under trading, PNX offers its refined petroleum products and lubricants to retailers and commercial/industrial customers. The Company's terminaling and hauling services involve leasing of storage space in its terminal depot, and hauling and into-plane services, such as hauling of Jet A1 fuels to airports and refueling of aircraft, in Davao, Cagayan de Oro, General Santos City, Cotabato City, Ozamis City and Zamboanga City. Starting 2008, Cebu Pacific designated PNX as its exclusive logistics partner in these locations.

At present, PNX has six subsidiaries, namely, Petroterminals Philippines Corp., Petrologistix Services Corporation, Phoenix Global Mercantile, Inc., PFL Petroleum Management Inc., PHOENIX Philippines Foundation, Inc., and Bacnotan Industrial Park Corporation.

PNX has a total of 120 service stations, including 20 service stations in Luzon, one in Visayas, and 99 in Mindanao as of December 31, 2009.

Source: SEC Form 17-A (2009)


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Kung walang drama walang saya Tongue
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#2
Waiting for the dips ika nga!
The World is a Vampire . . .
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#3
tulog pa yung ibon hehe patiently waiting to be awaken haha... Big Grin
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#4
kailan ka kaya aakyat? Sad learned my lesson from stock div Big Grin
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#5
Phoenix Petroleum H1 profit more than doubles

^huy phoenix na ibon gumising ka na... natotolog ka after ng stock div e Confused
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#6
...EE here it is, natabunan lang ata
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#7
hwag muna, hindi ko pa na hit yung target volume ko hahaha!
The World is a Vampire . . .
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#8
ano po meron dito commander? Big Grin tsoli busy job hunting.... kaya seldom post ... jobless pa rin haha... still holding my PNX shares planning to sell sana pag nag 15 petot... Big Grin
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#9
Meron ba dito? Bakit naka-up 'tong thread ni PNX?
I'll be back!
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#10
buy pnx sa mga may trip.
should hold 11.16
TP muna 12 then 12.3
and 13
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