1. Cash and cash equivalents increased by 11% from P= 17.33 billion to P= 19.23 billion. Funds generated from operations were more than enough to cover interest and income tax obligations, fund capital programs and pay dividends and distribution.
2. Income tax payable climbed to P= 992 million from P= 626 million with the improvement in PM' taxable earnings.
Value investors are always very shrewd, managed to see and point out the improved earnings for Petronm via higher tax payable from the parent's note this time. Good work and price shall steadily run up from here.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
KYYMachai
140 posts
Posted by KYYMachai > 2017-08-15 11:39 | Report Abuse
Hold on its coming strongly lor.......why cut loss unless on contra......hahahahahaha