Wednesday, May 16, 2007

PNOC-EDC Q1 net down 33%

PNOC-EDC Q1 net down 33% on smaller forex gain, lower sales

MANILA, Philippines--PNOC-Energy Development Corp said its net profit in the first quarter fell 33 percent year-on-year to P1.5 billion due to smaller foreign exchange gains and lower sales.

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