PGS estimates over 100b dong profit in Jan-Jun

05-Jul-2012 Intellasia | Dau Tu Chung Khoan | 11:37 AM

PetroVietnam Southern Gas Joint Stock Co (HNX-listed PGS) has recently announced completing its six-month business plan with estimated profit of over 100 billion dong (its plan for the whole year 2012 was 202 billion dong).

Nguyen Sy Thang, chair of PGS’s director board said that the current gas price in the market tends to fall which has affected the performance of gas trading companies in general. However, when gas price falls, the demand will increase that will partly support gas consumption power for enterprises.

Presently, PGS is trading LPG and CNG gas products and these two products will complement each other in each period.