PetroVietnam affiliate estimates to gain Q1 profit of 30b dong

The PetroVietnam Steel Structure and Installation Joint Stock Co (coded PXS) has lately approved the 2011 targeted year plan with total production output value of 1.2 trillion dong, revenue of 1.108 trillion dong, pre-tax profit of 150 billion dong and dividend payment of 18 percent over chartered capital of 500 billion dong.



Nguyen Dinh The, PXS’s general director has lately revealed that the company has already negotiated and signed contracts with total value equivalent to 100 percent of 2011 year plan. In the first quarter of 2011, the company reported gaining total production value of 267 billion dong, revenue of 207.95 billion dong and pre-tax profit of 39.1 billion dong.



The added that the company’s negotiation for purchasing 10 percent of additionally-issued shares for foreign partner of McDermott Asia Pacific Pte Ltd was supposed to be finished and signed before April 30, 2011.

Tags: Vietnam business news, Vietnam companies, Vietnam stock news

Posted by VBN on Mar 30 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