Pilipinas Shell Petroleum Corp.
#91
11-13

...cost of sales nagpababa ng net income

Pilipinas Shell earnings fall in July-September

PILIPINAS Shell Petroleum Corp. reported a 28.3% fall in net income in the third quarter to P1.75 billion from P2.44 billion a year ago despite a double-digit growth in net sales, the company’s financial report showed.

Net sales rose 40.3% to P57.77 billion from P41.19 billion, although cost of sales pulled down gross profit by 5.3% to P6.4 billion from P6.76 billion.

“We are proud of Pilipinas Shell’s resilience amidst the challenges of higher inflation and weaker peso,” said said Cesar G. Romero, the company’s president and chief executive officer, in a statement.

For the nine months to September, Pilipinas Shell posted an 8% increase in net income to P7.2 billion, from P6.63 billion in the same period last year, which the company attributed to its marketing businesses.

“[The company’s] marketing businesses continue to deliver robust earnings, amidst high inflation in the country and higher global oil prices,” it said.

“The manufacturing and supply chain segments benefit from inventory holding gains and improvement in refinery reliability despite continued challenges in regional gross refining margins,” it added.

The company said it had opened 25 stations during the three quarters of the year, keeping it on track to meet its commitment of a total of 50 to 70 new sites each year. As of end-2017, it had 1,044 stations. 


source: https://www.bworldonline.com/pilipinas-s...september/
ATTEND THIS STOCKMARKET SEMINAR AND IF YOU ARE AN SMP MEMBER, GET A DISCOUNT...THE TEACHER HERE IS A LEGEND...AND A CHAMPION

follow the link https://pixiutrades.wordpress.com/2018/1...-workshop/
Reply
#92
12-7

...lalampasan na kayo ng PNX! Big Grin

Shell sets P4-B capex for 2019

PILIPINAS Shell Petroleum Corp. (PSPC) is setting aside P4 billion for capital expenditures next year, with its retail business cornering the biggest share of the budget, its top official said.

“For PSPC, our capex remains consistent at P4 billion,” said Cesar G. Romero, the company’s president and chief executive officer, in a media briefing on Wednesday.

“So tatlong taon na kaming nasa P4 billion (So we’ve been consistent at P4 billion for three years now),” he added.

Mr. Romero said the retail segment gets the biggest share of the capital outlay, as the company continues to expand its network of gas stations.

“P2 billion goes to retail to build 50 to 70 stations and then P1 billion for the refinery, [and] P1 billion for supply,” Mr. Romero said.

“One of the things we promised is predictability and consistency. So hopefully, whatever it is we said we are able to demonstrate that we continue to deliver on that,” he said.

Mr. Romero said PSPC is on track to deliver between 50 and 70 new stations this year, while closing 15 to 20 stations that have been bypassed by the road network.

“Project Barako, the bitumen project, is serving customers so nakapag-deliver na kami as of last August,” he said.

“We’re hoping we will hit 1,100 by end of the year. But at the end of the day what we’re really watching out for is our market share. It remains consistent at around 33% in retail. Not bad for a 1,000 site network. Compare that with some of our competitors who have 2,500 [stations] and they only have 35% market share,” Mr. Romero said.

In 2018, PSPC has earmarked a capex of P4.289 billion to cover the year’s outlay for its retail as well as its manufacturing and supply businesses.

In March this year, the company disclosed its target capital expenditure for 2019 and 2020 at P3.903 billion and P4.196 billion, respectively.

Capital expenditures for retail principally relate to the planned establishment of new retail service stations, the company had said.

Of this year’s outlay, up to P2.636 billion had been allocated for retail, and P1.653 billion for manufacturing and supply. 


source: https://www.bworldonline.com/shell-sets-...-for-2019/
ATTEND THIS STOCKMARKET SEMINAR AND IF YOU ARE AN SMP MEMBER, GET A DISCOUNT...THE TEACHER HERE IS A LEGEND...AND A CHAMPION

follow the link https://pixiutrades.wordpress.com/2018/1...-workshop/
Reply
#93
1-4

Philex Mining taps Pilipinas Shell as fuel supplier

PHILEX Mining Corp. has tapped Pilipinas Shell Petroleum Corporation to supply fuel for its operations.

Philex Mining and Pilipinas Shell signed the one-year contract last Dec. 17, according to the latter’s statement.

Pilipinas Shell said it will supply its FuelSave Diesel with Dynaflex technology, which will keep engines of vehicles and heavy equipment clean.

The company said that it has assigned dedicated lorries for Philex Mining through its partnership with a hauler in North Luzon.

Philex Mining Corp. President Eulalio B. Austin, Jr. was quoted as saying the company decided to partner with Pilipinas Shell “because of its consistent fuel pricing, reliable product quality, and a more professional and accessible account management for better operations in the long run.”

“We are thankful that Philex Mining gave us the privilege and opportunity to be a part of their operations. We offer the full commitment of Shell and we will continue to work with them to better serve their business,” Pilipinas Shell President and Chief Executive Officer Cesar G. Romero said in the statement.


source: https://www.bworldonline.com/philex-mini...-supplier/
ATTEND THIS STOCKMARKET SEMINAR AND IF YOU ARE AN SMP MEMBER, GET A DISCOUNT...THE TEACHER HERE IS A LEGEND...AND A CHAMPION

follow the link https://pixiutrades.wordpress.com/2018/1...-workshop/
Reply
#94
1-11

...inunahan ng SHLPH buset ka talaga 

Shell stations start collecting higher fuel taxes — Energy dep’t

PILIPINAS Shell Petroleum Corp. has adjusted the prices of the petroleum products it is selling to reflect the implementation of the higher excise and value-added taxes under the Tax Reform for Acceleration and Inclusion, or TRAIN law.

In a press conference on Thursday, the Department of Energy (DoE) said its Oil Industry Management Bureau (OIMB) had received up to 444 reports from retail stations that have imposed the second tranche of the tax reform.

“There are 369 outlets from Petron Corp., 46 from Pilipinas Shell Petroleum Corp. and 29 from Flying V,” said Energy Undersecretary William Felix B. Fuentebella.

He said the bureau had sent two teams on Thursday to visit various retail outlets in Caloocan, Quezon City and Malabon to serve show-cause orders and to validate their documents on the imposition of excise tax and its corresponding additional value-added tax.

“We are ensuring that our consumers do not become subjects of profiteering. We are issuing show-cause orders to the concerned retail outlets for them to explain their implementation of the second tranche of excise taxes. In addition, we are also validating the prices of their fuel products to check whether they have already imposed the second wave of excise taxes,” Energy Secretary Alfonso G. Cusi was quoted as saying.

Under the second tranche of TRAIN, an additional excise tax of P2 will be imposed per liter of diesel and gasoline, and P1 per kilogram on household liquefied petroleum gas (LPG).

An additional 12% value-added tax will also be imposed, which totals to P2.24 for both diesel and gasoline, and P1.12 for LPG. The imposition of the taxes took effect on Jan. 1, 2019.

Rino E. Abad, director of OIMB, said the imposition of excise tax by retail outlets depends on the exhaustion of their existing 2018 inventories.

Only new inventories in 2019, directly imported or locally produced by refineries, are covered by the second tranche of excise tax, the DoE noted.

Mr. Rino said retail stations’ inventory levels vary, depending on the status of individual depots and retail outlets, and turnover for specific products such as diesel, gasoline, kerosene, and liquefied petroleum gas. 


source: https://www.bworldonline.com/shell-stati...ergy-dept/
ATTEND THIS STOCKMARKET SEMINAR AND IF YOU ARE AN SMP MEMBER, GET A DISCOUNT...THE TEACHER HERE IS A LEGEND...AND A CHAMPION

follow the link https://pixiutrades.wordpress.com/2018/1...-workshop/
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)