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2008 Financial Highlights of PENELCO
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The following are the financial highlights of PENELCO's operation for the year 2008 based on the audit conducted by R.F. Miravite and Associates (External Auditor). Aside from the fact that we have a net profit of P19.7M we also have enough current assets to settle our current liabilities when they mature or fall due as indicated by our current ratio of 4.38:1. We are able to attain this through the unwavering support of varioys NGOs, LGUs as well as our Member Consumer. Our heartlelf thanks to all of you from your PENELCO Family! |