PetroVietnam Southern Gas JSC targets 4.1tr dong revenue in 2011

At the periodical meeting of PetroVietnam Southern Gas Joint Stock Co (HNX-listed PGS)’s director board in Q1 2011, PGS announced this year business and production plans with 242,500 tonnes of total LPG output, 4.1 trillion dong of revenue and pre tax profit at 180 billion dong.



In comparison to 2010′s actualised figure of 317 billion dong of pre tax profit, the company’s profit target in 2011 is fairly modest. However, comparing the 2010′s plan of only 93 billion dong of profit, 2011′s profit target saw a double growth.



PGS targets to reach the earnings per share (EPS) at 3,307 dong in 2011.



In 2011, the company plans to disburse about 387.8 billion dong in its investment projects including 162.1 billion dong for basic construction investment and 217.66 billion dong for financial investments. In addition, PGS also plans to set a side of 8 billion dong for equipment purchase.



As planned, the company will organise the annual shareholders’ meeting 2011 on March 29 at Rex hotel, No 141 Nguyen Hue St, Dist 1, HCM City to pass the aforementioned plans.



Closing the trading session on March 14, 2011, PGS-coded shares slipped 800 dong or 3.7 percent to end at 20,600 dong per share with the total trading volume of 240,600 shares.

Tags: Vietnam stock news

Posted by VBN on Mar 15 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry