Saturday, February 10, 2018

Phoenix Petroleum Philippines, Inc. (PNX)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
Phoenix Petroleum Philippines, Inc. (PNX)
Sector
Industrial
Incorporation Date
May 08, 2002
Subsector
Electricity, Energy, Power & Water
Number of employees
650 (Group Total)
Board of Directors
Chairman: Domingo T. Uy, Director: Dennis A. Uy
Website / E-mail
www.phoenixfuels.ph / info@phoenixfuels.ph
2. Stock Information
Total Assets
37,776,281,964
Market Capitalization
17,178,458,784.00
Total Liabilities
26,951,598,179
Outstanding Shares
1,431,538,232
Retained Earnings
5,213,824,640
Listed Shares
1,431,538,232
Listing Date
Jul 11, 2007
Issued Shares
1,431,538,232
Board Lot
100
Free Float Level (%)
22.71%
Par Value
1.00
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
Phoenix Petroleum Holdings, Inc.
ES Consulting Group, Inc.
43.28%
25.01%
4. Company Descriptions and Business Development
Notes
1. It recently acquired FamilyMart Philippines from ALI and SSI.
2. Related companies: PNX, CLC, 2GO
3. Ultimate parent is Udenna Corporation. Udenna recently expanded into casino business in Cebu (Emerald Resort and Casino).
Overview
The Company is presently engaged in the trading of refined petroleum products on wholesale and retail basis and operating of gas stations, oil depots, storage facilities and allied services. The Company's products are distributed and marketed under the brand name, "PHOENIX Fuels Life".  PNX has 505 operating retail stations nationwide. It has a Lubes Oil Blending Plant in Taguig. One of the major industrial customers is Cebu Air. It secures petroleum products mainly from PTT Philippines and Total Philippines and import some from asian countries. It doesn’t have a refinery but has terminal, pier anddepot facilities.


Business
Revenue contribution in 2016
Trading
Depot and Logistics
Shipping and cargo
Real estate
30,149,853,000
533,183,000
1,521,459,000
0
93%
2%
5%

It sold out Shipping/Cargo and real estate businesses to sister companies in November 2016 even though it’s still included here.

Subsidiaries / Associates / Affiliates / Joint Ventures
P-F-L Petroleum Management, Inc. (PPMI, 100%) supervises operations.
P-H-O-E-N-I-X Global Mercantile, Inc (100%) manufactures lubricants, fluids and additives.
Subic Petroleum Trading and Transport Phils., Inc. (SPTT, 100%) is engaged in trading, storaging and delivering.
Phoenix Petroterminals & Industrial Park Corp.(PPIPC, 100%) is sold to UDEVCO in November 2016.
Chelsea Shipping Corp. (CSC)and its subsidiairies were sold to CLC in November 2016.
Subic Petroleum Trading and Transport Phils., Inc. (100%)

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