Shell Pilipinas swings to P4.33-B Q2 loss as fuel margins shrink

LISTED oil company Shell Pilipinas Corp. (SPC) swung to a P4.33-billion net loss in the second quarter from a P221.73-million net profit a year earlier as rising global product costs squeezed margins. Net sales climbed by 49% to P83.68 billion from P56.15 billion, while cost of sales surged by 63.8% to P83.60 billion from P51.05 […]