Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Vietnam>>Energy>>Petrolimex’s post-tax profit down 16%
NEWS UPDATES Asean Affairs   November  6,  2017  








 
Petrolimex’s post-tax profit down 16%

Viet Nam National Petroleum Group (Petrolimex) reported a post-tax profit of VN?895 billion (US$39.3 million) in the third quarter of this year, 16 per cent less, year-on-year.

Deputy General Director of Petrolimex, Tran Ngoc Nam, attributed the decline to the reduction in post-tax profit of Castrol BP Petco, a lubricant and grease marketing and production joint venture between BP and Petrolimex, during the period.

As a result, the prorated post-tax profit that Petrolimex received from Petco reduced by 25 per cent, compared to the same period last year.

The group’s business performance was also affected by other factors such as rising social insurance costs and outsourcing costs.

According to the company’s financial report, Petrolimex earned VN?38.3 trillion in revenue during the third quarter, up 31 per cent year-on-year.

In the first nine months of this year, the total revenue of Petrolimex reached VND112.4 trillion, up 27.7 per cent over the same period of last year, mainly due to the 5 per cent increase in global crude oil’s average over the same period of 2016.

Petrolimex post-tax profit during nine months was VND2.9 trillion, down 13 per cent year-on-year.

In the period, the petroleum business activities brought the highest profit for the group with VN?1.8 trillion, accounting for over 51 per cent of the total profit, while profit earned by non-petroleum business activities totaled VND1.7 trillion.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                         November 6,  2017
• MSME loans get lower risk weighting Subcribe: Asean Affairs Global Magazine
• Petrolimex’s post-tax profit down 16% Nov 6 Subsribe Now !
Globe Telecom posts P4.9-B net income in Q3, up 78%
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• State treasury raises $133.3 million from bond auction
• Singapore, China securities regulators to strengthen ties
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   November 3,  2017

• Asean Stock Watch-November 3, 2017
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com