MANILA (AFX-ASIA) – Trans-Asia Oil & Development Corp said it swung to profit in the three months to September on higher revenues and lower costs and expenses. Trans-Asia posted a net profit of 14.47 million pesos in the third quarter compared with a net loss of 3.35 million a year ago. (US$1=52 pesos). This boosted…
PHILIPPINES: Trans-Asia Oil turns around to profit in Q3 as revenues up, expenses down
Posted on November 27, 2002 by EnergyAsia