Pilipinas Shell reports higher profit in first half

Pilipinas Shell Petroleum Corp. said on Monday, Aug. 13, that it recorded a 30% increase in its first-half net income, which it attributed in part to the gains of its marketing businesses and inventory holding gains.
The company did not disclose the figures for its semestral performance and the comparative data last year.
“The strong performance is attributed to the higher earnings of its marketing businesses and inventory holding gains from its manufacturing and supply chain segments,” the company said in a statement. — Victor V. Saulon