PVD earns progressive after tax profit of 842.2b dong in 2009

Southern bourse-listed PetroVietnam Drilling & Well Services Joint Stock Co (PCDrilling – coded PVD) has lately announced gaining net revenue of 1.236 trillion dong and combined profit of 266 billion dong in Q4 of 2009, increasing by 17 percent in revenue against the previous quarter but down 18 percent in combined profit. Last year, the company reported to gain accumulative net revenue of about 4.097 trillion dong and gross profit of 1.248 trillion dong.

In the last quarter of 2009, PVDrilling estimated to spend 227.9 billion dong of financial costs, about 12.4 times higher than that of Q3, counting for 68 percent of the whole year, meanwhile the enterprise management costs of 111.7 billion dong, up 124 percent quarter on quarter and equal to 42.6 percent of the year cost.

Q4 also witnessed the decrease by 86.4 percent of pre-tax profit against the previous quarter to 39.1 billion dong, in which 1.56 billion dong was net revenue from business activities, a sharp fall compared to that of Q3 of 297 billion dong.

The company’s accumulative pre-tax profit last year was posted at 954.4 billion dong, after tax profit of 842.17 billion dong.
Up to December 31, 2009, PVD reported to have total asset value of over 12.404 trillion dong, outstanding debt of 8.162 trillion dong and undistributed profit of 427.3 billion dong. The company’s chartered capital was estimated at more than 2.105 trillion dong, and its 2009 EPS of 6,179 dong per share.

 

Category: Business