AsemconnectVietnam - PetroVietnam General Services Corporation (Petrosetco, code PET - HOSE) continued to record declining business results in April 2023 and the first 4 months of 2023.

Specifically, Petrosetco has just announced an estimate of business results in April 2023 with revenue of VND1,585 billion, up 7.1% and pre-tax profit of VND18 billion, down 12.1% over the same period.
Notably, gross profit margin decreased from 4.5% to 4% and pre-tax profit margin decreased from 1.4% to 1.2%.
In terms of sectors, Petrosetco said that revenue from the phone industry contributed VND711 billion, up 11.4% over the same period; laptop industry reached VND299 billion, down 30.1% over the same period; other IT equipment reached VND271 billion, up 100.9% over the same period.
In the first 4 months of 2023, Petrosetco recorded revenue of VND5,831 billion, down 7.4% over the same period and pre-tax profit of VND70 billion, down 46.6% over the same period. Notably, pre-tax profit margin dropped sharply from 2.1% to only 1.2%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan