Ghost Month: August 11 - September 6

Phoenix Petroleum Philippines, Inc.
Feeling ko tataas yan within this week sa 12.50 kaso sa 13pesos ko ibebenta pero pag nagbago isip ko baka ibenta ko na din sa 12.50
Sabi ko na nga ba tataas eto eh, eto pa mukhang lilipad na

Phoenix inks deal with CNOOC for LNG project
Parang aabot eto sa 13pesos ah, ang daming news kay dennis uy

Phoenix expands deal with Cebu Pacific

In a disclosure to the stock exchange on Thursday, Phoenix Petroleum said the listed airline, which operates under the trade name Cebu Pacific Air, recently granted the independent oil company the contract to provide into-plane services in Bacolod and Dumaguete, with Cebu-Mactan airport soon to be added in the list.

The contract is apart from the fuel storage and bridging services that Phoenix Petroleum provides.

“We thank Cebu Pacific for their continued trust in Phoenix Petroleum, and are proud to be their partner in helping fuel their passengers’ journeys one flight at a time,” said Henry Albert R. Fadullon, Phoenix chief operating officer, in a statement.

Phoenix Petroleum said it had also started servicing Cebu Pacific in Roxas Airport in Capiz and in San Jose Airport in Occidental Mindoro, the first airport it is serving in Luzon.

The additional airports increased the oil company’s total number of domestic airports served to 17, of which one is in Luzon and eight each in the Visayas and Mindanao.

Phoenix Petroleum said it has been the exclusive logistics provider of Cebu Pacific in Mindanao since 2005 when the listed oil company was just starting in Davao City.

“In January, the two companies renewed their supply agreement for jet fuel through Phoenix’s subsidiary, Subic Petroleum Trading & Transport Phils, Inc.,” the company said.


...dapat humataw 'to in the near future

Phoenix Petroleum Q2 profit surges to P531M as revenues double

PHOENIX Petroleum Philippines, Inc. reported a 62% increase in net income to P531.11 million in the second quarter, as revenues more than doubled with the surge in sales volume.

Revenues during the quarter hit P22.17 billion, up 118% from P10.16 billion in the same three months last year.

“As we grow our core business, we are also realizing the value of our new businesses, as we maximize synergies across our portfolio of fuels, lubricants, LPG, trading and supply, convenience store retailing, and asphalt,” said Phoenix Petroleum Chief Operating Officer Henry Albert R. Fadullon in a statement.

For the first six months, Phoenix Petroleum said it had posted its “best first half yet” as its income, revenue and market share grew.

Net income during the semester rose 59% to P969.8 million, while revenues jumped by 113% to P40.25 billion.

“This was primarily driven by the 63% increase in total volume sold,” the company said.

In terms of market share, Phoenix Petroleum said it now holds the third spot, with a 7.12% share, citing a report from the Department of Energy as of the first quarter. In 2017, the company ranked fourth with a market share of 6.2%.

Sales volume from the core fuel business grew by 18%, while retail volume rose by 8% as the company continues to expand its network. Phoenix Petroleum has so far opened 545 stations nationwide.

New businesses in liquefied petroleum gas (LPG), trading and supply, and convenience store retailing are also delivering value, it said.

Phoenix LPG Philippines expanded its volume by 18% in the first half compared to the same period in 2017 when it was operating as Petronas Energy Philippines.

“The brand, Phoenix Super LPG, is expanding in Luzon as it strengthens its presence in Visayas and Mindanao,” it said.

The company said Philippine FamilyMart CVS, Inc. registered an average daily sales growth of 7% since its acquisition in January this year, “by focusing on improving in-store and supply chain efficiencies and better food offerings that cater to its target market.”

FamilyMart is the country’s third largest convenience store brand, a franchise of Japan’s FamilyMart, with 68 stores mostly in the National Capital Region. Its newest store, the first since the acquisition, opened on Wednesday at West Aero Park in Clark Global City.


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