PVGas surpasses year plan in terms of profit

PetroVietnam Gas Joint Stock Corp (PVGas) announced to fulfil the targeted year plan up to October 27, 2010.

In details, the company reported producing and consuming 7.802 million cubic metres of gas, equivalent to 103% of whole year plan, bringing in total revenue of 36.804 trillion dong or 125% of year plan and after tax profit of 4.096 trillion dong, surpassing 96% of targeted year plan.

The company expected to earn after tax profit of 4.5 trillion dong this year and 5.5 trillion dong in 2011.

Hochiminh Stock Exchange (STC) planned to make initial public offering (IPO) for PVGas on November 17, 2010 with offered price of 31,000 dong per share. After this event, the company planned to submit application profile for listing shares on southern bourse and hold the shareholders meeting on December 31, 2010.

 

Category: Business