Tag: Light Fuels

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Fuel ventures drive Top Line Business profit surge

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Listed fuel distributor Top Line Business Development Corp. (TOP) reported robust first-half results, with gross revenues climbing 26 percent to P1.97 billion from P1.56 billion a year ago. Net income rose 26 percent to P76.26 million, driven by strong performance in both commercial and retail fuel segments.

Top Line turbocharges growth with bold moves

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Top Line Business Development Corp. has thrown the brakes off its expansion, shifting into overdrive on a growth strategy that was originally set to unfold over three years. 

Top Line acquires 38 fuel stations, depot, tanker fleet for P925M 

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Top Line Business Development Corp. said on Tuesday it acquired 38 retail fuel stations, a 2-million-liter depot, and 15 fuel tanker trucks from Total Oil & Gas Resources Inc. and Ballston Metro Corp. 

Top Line starts IPO, aims to raise P624.6M for expansion

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Top Line Business Development Corp. launched its week-long initial public offering (IPO) on Monday, aiming to sell 22 percent of the Cebu-based company to raise approximately P624.6 million.

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Cirtek swings to loss as Quintel sale weighs

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Listed semiconductor company Cirtek Holdings Philippines Corp. swung to a USD2.8 million net loss in the first half of 2026, from a USD1.1 million profit a year earlier, as a one-time write-off tied to the disposal of its Quintel business compounded higher costs and operating expenses.

Crescendo set to benefit from SCTEX Luisita expansion

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Ayala Land’s Crescendo estate is poised to benefit from the expansion of the SCTEX Luisita Interchange, as improved connectivity strengthens Tarlac’s position as an emerging growth center in Central Luzon.

JJ Ibarreta named communications director at DM&A Co.

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Dugenia, Marayan & Associates Co. (DM&A Co.) has appointed John “JJ” Ibarreta as Communications Director, strengthening its leadership team as a digital-first integrated communications agency.

DA highlights sugar technologists’ role in industry growth

Agriculture 0
Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. recognized the Philippine Sugar Technologists Association (PhilSuTech) as a vital partner in driving science-backed growth, higher incomes, and resilience for the country’s sugarcane industry.

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