PVTrans’ pre-tax profits soar over nine months
Tuesday, October 9,2018AsemconnectVietnam - The pre-tax profit of the PetroVietnam Transportation Corporation (PVTrans) hit VND540 billion in the first nine months of this year, 42% higher than the same period last year and meeting the target set for this year.
Its total revenue reached VND5.7 trillion (US$247.8 million) which is expected to rise to VND7 trillion this year. Its member companies such as Pacific, Gas Shipping, NVTrans, and PVTrans OFS successfully fulfilled their revenue and profit targets.
PVTrans attributed the growth to favourable conditions at home and abroad. During the period, crude oil prices in the world market moved up to US$70-US$80 per barrel.
In particular, the Dung Quat Oil Refinery is working stably, while Nghi Son Oil Refinery holds plans for commercial production in November 2018.
Since early this year, PVTrans and member units have transported batches of crude oil by very large crude carrier (VLCC) and output products to the Nghi Son Oil Refinery.
It also invested in PVT Hera – the largest Aframax tanker in Vietnam, and a carrier of liquefied petroleum gas (LPG) for oil transportation in international markets.
In order to fulfil the set targets this year, PVTrans will continue investing in a Supramax vessel with a capacity of nearly 60,000 DWT, two LPG carriers, and a tanker of chemicals.
It has also paid attention to governance, inspection, supervision, and risk mitigation.
Eximbank (EIB) target VND5,000 billion profit, up 34% in 2023
Business activities of banks in March 2023
Saigon Newport announced Tan Cang - Long Binh dry port and Organized the Customer Appreciation Conference in Dong Nai
VIB General Meeting of Shareholders: Approved the plan to pay 35% dividend, profit VND12,200 billion
In 2023, Refrigeration Electrical Engineering (REE) plans to increase profit slightly by 0.3% to VND 2,700 billion
PVOIL (OIL): Outstanding output growth in 2022
Sudico AGM (SJS): Growth target in 2023 from 10-15% of revenue
In 2023, Hoang Huy Investment Services (HHS) expects profit up and dividend of 8%
2023 Nam A Bank (NAB) Annual General Meeting of Shareholders: List shares and expand overseas branches
Mobile World (MWG) plans to increase its profit slightly to VND4,200 billion in 2023
Masan (MSN) continues to attract foreign capital up to VND15,000 billion
Century Synthetic Fiber Coporation (STK) successfully approached USD52.5 million in syndicated loans
Hoa Sen AGM for the year 2022-2023 (HSG): HSG will be profitable in March, April and May 2023
Fitch Ratings first international credit rating with GAS at “BB”
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...