PXS targets 112b dong gross profit in 2011

Petroleum Equipment Assembly and Metal Structure Joint Stock Co (PXS) has lately announced this year business and production targets with 1.2 trillion dong of total output, revenue at 1.108 trillion dong, pre tax profit at 150 billion dong and 112.5 billion dong of after tax profit.



In comparison with 2010, these targets see a strong growth with a year-on-year revenue growth of 126 percent and profit growth of 28 percent.



This year, the company plans to start construction some new works such as Nha Be oil and gas depot phase 3, expand the Condensate warehouse in Cai Mep port and sign many big contracts.



On February 28, MCDemot Asia Pacific Co agreed to buy 10 percent stake of PXS additional shares and became the strategic shareholders.

The two partner will continue to negotiate on the buying price and announce the official decision before April 30.

Tags: Vietnam stock news

Posted by chestyedwards on Mar 10 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