Pryce Gases, Inc. (PGI), along with a consortium partner, has decided to enter Sub-Phase 5 of Service Contract 55 (SC 55) which will be effective on August 26, 2019. This is without prejudice to the consortium exercising its option to enter the Appraisal Period on or before August 26, 2019.

As of the first half of 2019, Pryce Corporation’s (PPC’s) consolidated net income rose by 25.80%, from Php 711.89 million to this year’s Php 895.57 million. The company’s consolidated revenues likewise grew from Php 4.83 billion to Php 5.32 billion, recording a growth of 10.08%. Sale of liquefied petroleum gas (LPG) and LPG-related products accounted for 93.97% of the group’s total revenue, while sale of industrial gases, real estate, and pharmaceutical products accounted for the balance.