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Stock-Market Outlook | VG Cabuag

Share prices fell last week, with the main index remaining at the 6,400-point level, as investors parted with their shares following the release of GDP data for the second quarter. ....

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Philodrill gets OK to hike interest in Galoc oil field

Listed Philodrill Corp. has raised its participating interest in Service Contract 14C1 or the Galoc block after securing approval from the Department of Energy. ....

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Philodrill income jumps 77% in H1

Philodrill Corp. recorded a 77 percent jump in its net income in the first half of the year on the back of strong petroleum revenues. ....

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Anglo reverses net loss, earns P113.87 million

BusinessWorld
June 1, 2021 | 12:02 am
Its return to profitability came after the company’s revenues soared to P125.16 million from P9.76 million.
The Philodrill Corp., wherein the company has a 34.32% stake in, reversed to a P6.3-million profit during the period from last year’s P18-million net loss. The Galoc field is said to have produced 152,701 barrels in the first quarter.
Its 28.64%-owned Atlas Consolidated Mining and Development Corp. posted a net income of P120.4 million during the three-month period, swinging from a loss of P36.8 million in the first quarter of 2020.
Meanwhile, United Paragon Mining Corp. recorded a net loss of P15.6 million, widening its P11.3-million loss from the same period last year. The company has a 25.68% stake in United Paragon. ....

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