PVTrans (PVT) plans to earn VND1,200 billion in profit in 2025
Wednesday, January 29,2025AsemconnectVietnam - Continuing the tradition of cautious planning at the beginning of the year, PetroVietnam Transportation Corporation (PVTrans, code PVT - HOSE) plans to have revenue of VND10,300 billion and pre-tax profit of VND1,200 billion in 2025.
In 2025, PVTrans plans to have revenue of VND10,300 billion, pre-tax profit of VND1,200 billion and pay the State budget of VND380 billion.
It is known that, previously at the Business Summary Conference, PVTrans said that by the end of 2024, the Company is estimated to record revenue of VND12,000 billion, pre-tax profit of VND1,800 billion and pay the State budget of VND560 billion, respectively exceeding the annual plan by 36%, 89% and 58%.
In fact, according to historical data, every year, PVTrans's Board of Directors often plans cautiously and ends the fiscal year far ahead of schedule, and 2025 is likely to be no exception.
Returning to the business orientation for 2025, PVTrans plans to maintain its domestic transportation market share, safely and promptly transport input crude oil and output products of Dung Quat Oil Refinery, Nghi Son Oil Refinery and other member units of the Oil and Gas Group according to signed contracts.
In addition, PVTrans also closely follows the fluctuations of the transportation market to expand its scale and develop its transportation brand on international shipping routes.
Regarding the investment plan, in 2025, the Company plans a total investment capital requirement of VND3,551 billion, including a transitional project to invest in 1 MR product oil tanker or 1 bulk cargo ship with a total investment of 29 million USD; The project will invest in 2 MR product tankers or 1 Aframax crude oil tanker with a total investment of USD52 million; and invest in 1 new large LNG/VLGC tanker or 1 to 3 ships (crude oil tanker, product tanker, chemical tanker) with a total investment of USD60 million.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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