PV Gas completes trade and production targets

10:19 | 21/11/2019 Companies

(VEN) - As of October 31, the PetroVietnam Gas Joint Stock Corporation (PV Gas) completed trade and production targets in 2019.

pv gas completes trade and production targets
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PV Gas’ liquefied petroleum gas (LPG) production reached 119,900 tonnes in October, equal to 136 percent of the monthly plan, resulting in total output of nearly 1.425 million tonnes in the first 10 months of the year. PV Gas supplied to the market with the LPG amount of 139,700 tonnes in October, bringing in a total of more than 1.646 million tonnes in the first 10 months of the year. In addition, the corporation also produced and supplied 5,200 tonnes of condensate in October, equivalent to 96 percent of the monthly plan, leading to a total of 57,300 tonnes in the first 10 months of the year.

PV Gas received 849.9 million cu.m of wet gas in October, equal to 116 percent of the monthly plan, resulting in a total of more than 8.671 billion cu.m in the first 10 months of the year. The corporation also produced and supplied 824.8 million cu.m of dry gas in October, equal to 118 percent of the monthly plan, bringing in a total of more than 8.41 billion cu.m in the first 10 months of the year.

pv gas completes trade and production targets
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PV Gas completed financial targets in terms of revenue, profit, and contribution to the state budget. Specifically, as of October 31, the corporation posted revenue of more than VND64.576 trillion, pre-tax profit of over VND11.983 trillion, and after-tax profit of over VND9.609 trillion, while contributing more than VND4.172 trillion to the state budget.

Of which, the parent company posted revenue of more than VND59.191 trillion, pre-tax profit of over VND11.607 trillion, and after-tax profit of over VND9.353 trillion, while contributing more than VND3.926 trillion to the state budget.

pv gas completes trade and production targets
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Positive business results in October also contributed to the completion of financial targets. Accordingly, PV Gas reached revenue of VND6.258 trillion, pre-tax profit of over VND1.063 trillion, after-tax profit of VND849.1 billion, and contributed VND357.6 billion to the state budget in October.

Of which, the parent company reached revenue of over VND5.671 trillion, pre-tax profit of over VND1.048 trillion, after-tax profit of VND839.1 billion, and contributed VND325.2 billion to the state budget in October.

At the 2019 Annual General Meeting of Shareholders, PV Gas’ financial targets were approved with revenue of VND63.908 trillion and pre-tax profit of VND9.546 trillion.

Kim Ngan