AsemconnectVietnam - Although there is only more than 1 month left until the end of the year, on December 3, Petrolimex Petrochemicals Corporation (PLC - HNX floor) will close the list of shareholders to collect written opinions.

Accordingly, Petrolimex Petrochemicals will collect opinions to adjust the 2024 production and business plan. The expected time to send the opinion form is from December 10 to December 23, located on the 18th floor, 229 Tay Son, Nga Tu So ward, Dong Da district, Hanoi.
Regarding business results, according to the consolidated financial report for the third quarter of 2024, accumulated for 9 months, the Company recorded revenue of nearly VND4,807.7 billion, down 16.73% over the same period; pre-tax and after-tax profits reached VND40.54 billion and VND22.9 billion, respectively, down 62.86% and 71.82% over the same period.
Thus, with the plan for 2024 of pre-tax profit of VND140 billion and a minimum dividend rate of 10% in cash, after 9 months, Petrolimex Petrochemicals has only completed 28.96% of the profit target. Regarding the issue of dividend payment, in mid-June 2024, the Company paid the 2023 dividend in cash at a rate of 12%, while the 2024 dividend has not been announced.
As of September 30, 2024, Petrolimex Petrochemicals' total assets recorded VND4,151.7 billion, down 2.07% compared to the beginning of the year. Of which, inventories still account for the largest proportion of 40.4%, recording more than VND1,334.5 billion, down slightly by 2.83% compared to the beginning of the year; cash decreased by more than 47% to nearly VND120.7 billion.
Liabilities at this time also decreased slightly to more than VND2,918 billion, however, short-term loans and financial leasing debts increased by 36.6% to VND1,864.7 billion.
Petrolimex Petrochemicals belongs to the Vietnam National Petroleum Group, currently with a charter capital of approximately VND808 billion, of which the Vietnam National Petroleum Group owns 79.07%, the remaining shareholders own 20.93%. The main business areas are production, trading, import and export of petrochemical products and services related to petrochemicals.
N.Nga
Source: VITIC/Tinnhanhchungkhoan