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                    [ArticleID] => 96946
                    [Title] => Petron incurs P1.1-B loss for 2000
                    [Summary] => Publicly listed Petron Corp. reported yesterday a net loss of P1.1 billion for 2000, lower than the projected P2-billion loss for the period, but marked a complete turnaround from the P2.4-billion net income registered in 1999.


Petron said this was a record loss for the company, and marked only the second time in its history that it turned in a negative performance. The first was in 1997 when the company ended up in the red by P500 million due to foreign exchange losses following the Asian financial crisis at that time.


                    [DatePublished] => 2001-02-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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DUBAI CRUDE OIL

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                    [ArticleID] => 96946
                    [Title] => Petron incurs P1.1-B loss for 2000
                    [Summary] => Publicly listed Petron Corp. reported yesterday a net loss of P1.1 billion for 2000, lower than the projected P2-billion loss for the period, but marked a complete turnaround from the P2.4-billion net income registered in 1999.


Petron said this was a record loss for the company, and marked only the second time in its history that it turned in a negative performance. The first was in 1997 when the company ended up in the red by P500 million due to foreign exchange losses following the Asian financial crisis at that time.


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                    [AuthorName] => Donnabelle L. Gatdula
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abtest

Petron incurs P1.1-B loss for 2000

By Donnabelle L. Gatdula | February 7, 2001 - 12:00am

Publicly listed Petron Corp. reported yesterday a net loss of P1.1 billion for 2000, lower than the projected P2-billion loss for the period, but marked a complete turnaround from the P2.4-billion net income registered...

Business