Shell PHL H1 profit hits ₱1.7B

Q: How long will it take to read this news story?

The story "Shell PHL H1 profit hits ₱1.7B" has 406 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Shell PHL H1 profit hits ₱1.7B" was covered 16 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 68 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22080756</li><li>URL: https://beamstart.com/news/shell-phl-h1-profit-hits-17236661463673</li></ul>

Business Mirror Logo Business Mirror 16h ago

Shell PHL H1 profit hits ₱1.7B - Business Mirror

Quick Summary:

Shell Pilipinas Corp.(SPC) saw its net income in the first half surge to P1.7 billion from P123 million in the same period last year, fueled by improved profitability from marketing businesses, better cash management, and inventory holding gains.

This was slightly dampened by the high-interest rate environment and peso depreciation as the peso weakened to a high of P58.9 in the second quarter.

A significant contributor to the company’s bottom line was the successful implementation of cost-saving initiatives and supply chain efficiencies.