AsemconnectVietnam - Southern Gas Trading Joint Stock Company (PGS) has just successfully held the 2023 Annual General Meeting of Shareholders on June 15, approving the business results for 2022 and the plan for 2023.

The congress approved the business plan that went backwards compared to the results achieved last year. Specifically, in terms of total revenue target, in 2023 the plan is to reach VND6,561 billion, down nearly 7% compared to the result of more than VND7,041 billion achieved in 2022. Profit before tax in 2023 is planned to reach VND102.3 billion, down more than 17% compared to VND124 billion achieved last year.
The company said that the business plan for 2023 is built on the basis of the temporary crude oil price of 80 USD/barrel, the CP price of 637 USD/ton, the input CNG price equal to 2022.
The company said that 2023 is considered to be a difficult year, when manufacturing and exporting enterprises are gradually reducing their production scale (reduced since the end of 2022) due to failure to sell products leading to demand for fuel consumption will decrease sharply. The price of fuel oil DO and FO tends to decrease compared to 2022, so the advantage of CNG selling price in 2023 is no longer there. Faced with such difficult challenges, the company's leadership sets prudent business goals.
This year, the company will prepare the infrastructure for LNG products to promptly supply to the market, ensuring high efficiency as soon as LNG is imported to Vietnam. Exploiting and effectively using the system of warehouses, filling stations, and gas cylinder factories. At the same time, focus on producing bottles to ensure the quality and schedule to meet the needs of customers, look for new customers at home and abroad to effectively exploit the gas cylinder factory.
The meeting approved the plan to pay dividends in 2022 at the rate of 20% of charter capital, the plan to pay dividends in 2023 at the rate of 15% of charter capital.
The General Meeting approved the dismissal of Mr. Ha Anh Tuan - Independent member of the Board of Directors due to the end of his term and elected Mr. Vu Hoang Ha (born in 1982) as an independent member of the Board of Directors for the new term 2023 - 2028. From 2021 to present Mr. Vu Hoang Ha works at IPA Investment Group Joint Stock Company (IPA), currently a member of the Board of Directors.
N.Nga
Source: VITIC/Tinnhanhchungkhoan