Cebu-based fuel retailer Top Line Business Development Corp. reported a 21.1-percent jump in earnings for the first nine months amid robust sales and commercial fuel trading.
In a statement on Thursday, Top Line said its net income reached P109.57 million from P90.51 million in the same period last year.
‘We have already surpassed our full-year 2024 net income and we remain optimistic heading into the final quarter,’ said Eugene Erik Lim, chair, CEO and president of Top Line.
‘As we continue to renovate and integrate our newly acquired retail stations, we expect stronger and more diversified revenue,’ Lim added.
Top Line’s nine-month top line also surged by 26.9 percent to P3.09 billion from P2.44 billion.
Light Fuels Corp., its retail fuel subsidiary, reported a 168-percent surge in fuel volume.
Revenues from the group’s commercial fuel trading, meanwhile, also improved by 24.2 percent to P2.96 billion from P2.4 billion.