AsemconnectVietnam - In the first 4 months of the year, PVTrans's consolidated profit is estimated at VND460 billion, completing 48% of the yearly plan. Currently, PVTrans owns and operates a total of 52 ships of various types with a total tonnage of more than 1.4 million DWT.

In a recent meeting with the Vietnam Oil and Gas Group (PVN), Mr. Pham Viet Anh, Chairman of the Board of Directors of PetroVietnam Transportation Corporation (PVTrans - code PVT) said that in the first 4 months of 2024, PVT's consolidated revenue is estimated at VND3,350 billion, exceeding the 4-month plan by 19% and reaching 38% of the yearly plan. Consolidated pre-tax profit is estimated at VND460 billion, exceeding the 4-month plan by 53% and reaching 48% of the yearly plan.
For the parent company, revenue is estimated at VND1,025 billion, exceeding the 4-month plan by 15% and reaching 37% of the yearly plan; pre-tax profit is estimated at VND180 billion, exceeding the 4-month plan by 19% and completing 32% of the yearly plan.
In the last 8 months of the year, PVTrans is estimated to achieve a total consolidated revenue of VND7,150 billion; pre-tax profit of VND470 billion and after-tax profit of VND411 billion.
At the 2024 General Meeting of Shareholders, PVTrans said that this year's plan will be to organize appropriate ship operations, ensuring safe and timely transportation of input crude oil, output oil and gas products of Dung Quat Oil Refinery, Nghi Son Oil Refinery, etc.; safely and effectively manage and exploit the Company's fleet on international routes.
At the same time, the Company continues to maintain and expand management, operation, exploitation contracts and other services related to FSO; actively deploy solutions to seek opportunities to expand new business areas and improve production and business efficiency.
Regarding investment, up to now, PVTrans has received 27 more ships, including 18 investment ships and 9 bareboat ships with the right/obligation to buy back assets. Up to now, PVTrans owns and operates a total of 52 ships of all types with a total tonnage of more than 1.4 million DWT. The parent company alone has invested in 5/10 ships with a total investment of USD87.4 million.
N.Nga
Source: VITIC/Tinnhanhchungkhoan