The Vietnam National Petroleum Group (Petrolimex) posted a consolidated pre-tax profit of 3.06 trillion VND (over 131.6 million USD) in the first half of 2019, up 8 percent year on year.
Motorcylists wait for their vehicles to be refilled at a gas station of Petrolimex (Photo: VNA)
Hanoi (VNA) – The Vietnam National Petroleum Group(Petrolimex) posted a consolidated pre-tax profit of 3.06 trillion VND (over131.6 million USD) in the first half of 2019, up 8 percent year on year.
The profit is equivalent to 58 percent of thetarget set for this year, according to the group’s financial report recentlysubmitted to the State Securities Commission of Vietnam.
Of the figure, nearly 1.63 trillion VND or 53percent came from petroleum business activities.
In the reviewed period, the consolidatedpost-tax profit is 2.545 trillion VND. Meanwhile, the firm gained almost 91.7trillion VND in consolidated net revenue, down 5 percent from the same periodlast year.
Petrolimex attributed its decline mainly to theyear-on-year fall of 12 percent in global crude oil prices to 54.9 USD perbarrel on average in the six months.
As a result, its contribution to the Statebudget also dropped 3 percent to 21.35 trillion VND, the firm said. -VNA
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Motorcylists wait for their vehicles to be refilled at a gas station of Petrolimex (Photo: VNA) 
