Petrolimex sells 15 million treasury shares, earning $29 million

July 09, 2020 - 08:36

After the sale, carried out from June 16 to July 2, Petrolimex has reduced the number of treasury shares from more than 103 million to some 88 million shares.

A petrol station of Việt Nam National Petroleum Group (Petrolimex or PLX). Petrolimex targets a consolidated revenue of VNĐ122 trillion this year, down 35 per cent compared to 2019. — Photo tinnhanhchungkhoan.vn

HÀ NỘI — The Việt Nam National Petroleum Group (Petrolimex or PLX) has completed the sale of 15 million treasury shares, the group announced on Wednesday.

After the sale which was carried out from June 16 to July 2, Petrolimex has reduced the number of treasury shares from more than 103 million to some 88 million shares.

The average selling price was VNĐ45,318 per share. The group collected nearly VNĐ680 billion (US$29.3 million) from the sale.

Petrolimex (PLX) closed Wednesday at VNĐ46,300 per share.

The group is aiming for consolidated revenue of VNĐ122 trillion this year, down 35 per cent compared to 2019. Pre-tax profit is estimated at VNĐ1.57 trillion, equal to 28 per cent of profit achieved in 2019.

In the first quarter of 2020, the group earned VNĐ38.5 trillion of revenue and recorded a loss of VNĐ1.8 billion. — VNS

Tags petrolimex vietnam petrol price PetroVietnam

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