Friday, November 24 2017

VietNamNews

PV Trans exceeds annual business targets

Update: December, 19/2016 - 15:00
PV Transportation Corp reported a strong financial performance, with net profit exceeding annual target by 64 per cent. — Photo www.oilgas.vn
Viet Nam News

HÀ NỘI — PV Trans has witnessed the highest growth in production and business results over 14 years of building and developing the corporation, converting an enterprise facing several difficulties into a success business, PV Trans general director Phạm Việt Anh has said.

The transportation market this year faced many difficulties in business, but the corporation overcame the difficulties to achieve its business goals.

According to PV Trans’s latest report, PetroVietnam Transportation Corporation (PV Trans), listed on Hà Nội Stock Exchange (HNX), estimated its total revenue reached VNĐ6.08 trillion (US$267.8 million) for this whole year, or 122 per cent of its yearly plan, and post-tax profit of VNĐ460 billion, or 164 per cent of its yearly plan.

The corporation expects to pay VNĐ300 billion to the State budget, or 158 per cent of the yearly plan.

The PV Trans general director, said the parent company and all its subsidiaries have had stable, efficient and profitable operation. PV Trans, the parent company, in particular, exceeded its business targets for 2016.

The parent company is estimated to have earned total revenue of nearly VNĐ2.5 trillion, or 124 per cent of its yearly target, and post-tax profit of VNĐ340 billion, or 167 per cent of the yearly plan. It paid VNĐ170 billion for the State budget, or 162 per cent of the yearly plan, he said.

At present, PV Trans is considered the largest fleet transporting liquid cargo in Việt Nam and one of top 50 best enterprises in Việt Nam for 2015. It is also one of the 500 largest enterprises in Việt Nam in 2016.

It is a sea transportation business with the largest market capitalisation on HNX. Further, it also carries out large transactions with domestic and foreign investors and investment funds. — VNS

 

 

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