PVN’s business result exceeds set target
Saturday, July 20,2019AsemconnectVietnam - The Vietnam Oil and Gas Group (PVN) gained 365.5 trillion VND (15.78 billion USD) in revenue in the first half of this year, or 18 percent higher than its six-month plan, heard a conference held by the group on July 17.
During January-June, the State-owned firm generated around 11.52 billion kWh of electricity, exceeding its set plan by 246 million kWh, and produced 705,800 tonnes of nitrogenous fertiliser, or 71,000 tonnes higher than the goal.
Meanwhile, petroleum production hit 5.66 million tonnes, surpassing its plan by 48,000 tonnes.
The group enjoyed a solid first half despite considerable challenges, including slower recovery of crude oil prices, shortage of capital to carry out large projects, and decline in oil reserves, among others.
To fulfill this year's business goals, the group will keep a close eye on global oil prices, according to the PVN.
The firm also plans to rationally balance production output, export and processing of oil-gas and electricity so as to ensure targets set by the Government on raising gross domestic product, State budget collection and national energy security. It will also promote the use of scientific solutions and technology to improve efficiency.
FPT reported a pre-tax profit of VND4,339 billion, up 19.3% in the first 6 months of 2023
City Auto (CTF) estimates VND1,400 billion revenue in Q2/2023
PC3 - Investment JSC (PIC): Profit after tax decreased by 66% in Q2/2023
Hai Phong Thermal Power (HND) earned VND191 billion in 6 months of 2023, down 64%
SeABank (SSB) pays stock dividends and issues bonus shares to increase charter capital to VND24,537 billion
Quang Ninh Thermal Power (QTP): Profit in 6 months dropped sharply, but still completed 89% of 2023 plan
“RUN AS ONE”- Meaningful message of Saigon Newport First Running Tournament
Steel producers await positive results in H2
Profit growth of banking industry forecast to slow in 2023
Vietnam Airlines to auction three A321 CEO aircraft
Fertiliser enterprises apply modern technology to reduce emissions
FPT Software inks partnership agreement with Nippon Seiki
LPBank (LPB): Profit in the first 6 months of 2023 decreased by 31.8% yoy
Thai Nguyen Iron and Steel (TIS) reported a loss for the fourth quarter
Plan on implementing national strategy on climate change ...
Actively and effectively adapting, reducing vulnerability, loss and damage due to climate change; reduce greenhouse gas emissions ...Scheme on attracting, restructuring and improving quality ...
Urban development plan of Binh Phuoc province in a period ...
Plan on implementing Decision No. 327/QD-TTG dated March ...
Hung Kings Temple Festival 2023 kicks off
The Hung Kings Temple Festival 2023 and the Culture and Tourism Week of Ancestral Land 2023 kicked off in the northern province of Phu Tho ...Vietnam trounce Palestine at AFC U-17 Women's Asian ...
Phu Tho: Festival honours UNESCO intangible cultural ...
Saigontourist Group Food and Culture Festival 2023 opens
Vietnam’s top swimmer Huy Hoang to hold Vietnamese flag at ...