Binh Son refinery posts H1 profit 93% above target
The company’s total revenue topped 69.36 trillion VND (approximately 2.64 billion USD), up 22% against the target while pre-tax profit is estimated at 800 billion VND, a whopping 93% higher than the H1 target.
The Binh Son Refining and Petrochemical Joint Stock Company (BSR) posted impressive results in the first half of 2025. (Photo: bsr.com.vn)
Hanoi (VNA)ꦗ – The Binh Son Refining and Petrochemical Joint Stock Company (BSR) posted impressive results in the first half of 2025, exceeding all key financial and production targets.
BSR reported a production output of over 3.84 million tonnes during the period, surpassing its target by 16%. Sales reached 3.83 million tonnes, exceeding the plan by 17%.
The company’s total revenue topped 69.36 trillion VND (approximately 2.64 billion USD), up 22% against the target. Pre-tax profit is estimated at 800 billion VND, a whopping 93% higher than the H1 target. The company contributed more than 7.41 trillion VND to the State budget, exceeding its target by 13%.
BSR Chairman Bui Ngoc Duong attributed this strong performance to the unity, creativity, and tireless efforts of the company’s leadership and staff, along with timely support from the Vietnam National Industry - Energy Group (Petrovietnam).
To navigate global oil market instability, particularly disruptions caused by the Iran-Israel conflict, BSR has adopted flexible operation strategies and ran multiple scenarios to maintain high capacity, reaching peaks of 124%.
BSR also diversified its input sources with over 20 types of crude oil from the US, West Africa, and Asia, while adopting new catalysts and additives to cut costs and boost yields of high-value products.
In a breakthrough, BSR successfully exported its first batch of sustainable aviation fuel (SAF) in early June and launched an innovation centre. A “digital refinery” model using real-time data management is also being piloted.
Recognised by Petrovietnam as one of its top-performing subsidiaries in H1, BSR is determined to maintain momentum and fulfil its 2025 targets amid continued global energy transition and market uncertainties, according to BSR General Director Nguyen Viet Thang./.
By the end of April 2025, the field had produced nearly 75 million barrels of oil, making a significant contribution to national revenue, generating employment for thousands of workers over the years, and playing a role in safeguarding national sovereignty and security.
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