The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a pre-tax profit of 14 trillion VND (nearly 590 million USD) in the first three quarters of 2022, up 61.8% year-on-year.
PV GAS’s pre-tax profit up nearly 62% in 9 months (Photo: PV GAS)
Hanoi (VNA) - The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted a pre-tax profit of 14 trillion VND (nearly 590 million USD) in the first three quarters of 2022, up 61.8% year-on-year.
The firm’s revenue reached an estimated 76.5 trillion VND in the period, representing a rise of 30% compared to the same period last year.
PV GAS sold 5.7 billion cu.m of gas in the January – September period, up 4% year-on-year.
1MMTPA Thi Vai LNG project invested by PV GAS in Cai Mep Industrial Park in the southern province of Ba Ria – Vung Tau is ready to receive gas for the first time early next quarter, while the signing of LNG contract for trial operation is underway.
PV GAS targets a revenue of 100 trillion VND, and pre-tax profit of 15.5 trillion VND in 2022, up 26.6% and 38.4%, respectively, over the same period last year.
To fulfill its production and business targets in 2022, PV GAS continues efforts to ensure stable and safe operation of gas facilities.
It will work regularly with relevant ministries and sectors to increase gas supply for power production, and control the progress of and ensure capital for important projects./.
The Petrovietnam Gas Joint Stock Corporation (PV GAS) posted an after-tax profit of nearly 7 trillion VND (300 million USD) in the first six months of 2022, up 87% compared to the target and 59% year-on-year.
PetroVietnam Low Pressure Gas Distribution JSC (PV Gas D) – a subsidiary of Vietnam Gas Corporation (PV GAS) -aims to become a leading natural gas products and re-engineered LNG distributor, ensuring clean fuel supply to industrial parks and urban areas in Vietnam, according to its business strategy to 2025.
The Vietnam Oil and Gas Group (Petrovietnam) is taking measures to create favourable conditions for production and trading of gas products in the remaining months of 2022, given negative impacts of the world energy crisis on the consumption demand for liquefied petroleum gas (LPG), and liquefied natural gas (LNG).
PV GAS Trading, an affiliate of the PetroVietnam Gas Joint Stock Corporation (PV GAS), recently provided the first batch of propane for the southern petrochemical complex of the Long Son PetroChemicals Co. Ltd (LSP).
The Petrovietnam LPG Joint Stock Company (PV GAS LPG)’s southern branch, an affiliate of the PetroVietnam Gas Joint Stock Corporation (PV GAS), has officially put into use a liquefied petroleum gas (LPG) extraction and filling station in the central province of Khanh Hoa.
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PV GAS’s pre-tax profit up nearly 62% in 9 months (Photo: PV GAS) 
