One-time gain hikes Pilipinas Shell’s income
Pilipinas Shell Petroleum Corp. reported a net profit of P4.7 billion in H1, more than double the P2.2-billion income it posted year-on-year, primarily due to a one-time gain of P3 billion.
Pilipinas Shell said:
It booked the gain from the assignment of the company’s economic rights to the Shell trademark to Shell Brands International of Switzerland.
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Tue, Aug 19, 2008
Post by Mike Rodger, Oil Reporter