Strong finish to a challenging year with Phoenix Fuels
LIFESTYLE ON WHEELS | MOTOURISM | FEATURES
Phoenix Petroleum, the 3rd largest oil player in the Philippines recovered strongly improving its market share that picked-up during the last quarter of 2020. According to the Department of Energy, a 32% year-on-year growth volume was recorded and enjoying its improved market conditions.
Efforts to rationalize OPEX and CAPEX resulted in a combined 38% decline year-on-year managing the working capital, cash flow, and refinancing activities strengthened its financial position. A drop of 28% on total borrowings lower from last year made the Company’s P158 million net income in Q4 of 2020 has effectively reversed prior losses
To date, it now covers nationwide serving Filipinos to keep its promises that no matter the vehicle, you can count on Phoenix fuels to get you there. You can find them anywhere near your favorite Barbershop, Battery Shop, Car Wash, Coffee Shop, Contactless Payment & Convenience Store, Emission Testing Center, Laundry Shop, Milk Tea Shop, Online Gaming Center, Pastry Shop, Pet Salon, Restaurant, Salon, Service Bay, Skin Clinic, Spa, and Wine Store.
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Article: Alex A Source: Phoenix Petroleum Philippines Production: J AD Media
#PhoenixFuels #LifestyleOnWheels #MoTourism #TrafficNetwork #PinoyXtremeChannel #MoTouringLifestyle #BounceBackThroughMobility
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