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PV GAS exceeds the plan of this year’s first six months

Petrovietnam Gas Joint Stock Corporation (PV GAS) on July 1 organised a conference on reviewing business in this year’s first six months and carrying out the plan in the remaining six months. The conference was broadcasted live in Ha Noi, Ba Ria-Vung Tau, Ca Mau and Hai Phong.

Speaking at the conference, Duong Manh Son, PV GAS’ General Director affirmed that the year’s first six months was a difficult time for PV GAS and Viet Nam as well as the world caused by COVID-19 pandemic and a drop in oil prices. However, this was the time PV GAS to affirm its outstanding efforts: continuing to maintain the leading position in Vietnam Oil and Gas Group (Petrovietnam), shouldering a half of the Group’s total revenue; and ensuring production and business- the implementation progress of projects according to the highlighted environmentally protectional and safe standards and without being interrupted by the pandemic.

In the year’s first six months, PV GAS’ output target exceeded the plan from 4 per cent- 42 per cent, and 6 per cent- 54 per cent for the financial target. The total gas output was nearly 4.6 billion of cubic metres, equivalent to 104 per cent of the first six months’ plan. Nearly 31,000 tonnes of condensate and 923,000 tonnes of LPG were produced and distributed, equivalent to 110 per cent and 142 per cent of the plan. PV GAS’ total revenues reached VND33.4 trillion, equivalent to 106 per cent of the plan. The profit before tax reached VND4.9 trillion, equivalent to 121 per cent of the plan. The post-tax profit reached more than VND3.9 trillion, equivalent to 120 per cent of the plan. Its contribution to the national budget reached VND2.2 trillion, equivalent to 154 per cent of the plan.

PV GAS’ manufacture and business establishments operated safely. There was not any accident injuring people and damaging property as well as PV GAS’ prestige.

Speaking at the conference, Chairman of PV GAS’ the Board of Directors Nguyen Sinh Khang emphasized that with difficulties in the year’s first six months, PV GAS still keeping the position, overcoming the difficulties, and adapting to new conditions were remarkable results. The Chairman of PV GAS’ the Board of Directors called on all staff to follow the set plan to continually strive for, not to ignore responsibilities, to resolve the difficulties and challenges, to check and develop the administrative system. These all things are for PV GAS brand name and staff and shareholders of PV GAS. 

 

© Copyright PETROVIETNAM GAS JOINT STOCK CORPORATION (PV GAS)
Address: Floor 12-15, PV GAS TOWER, No. 673 Nguyen Huu Tho Street, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City.
Phone: +84.28. 3781 6777 Fax: +84.28. 3781 5666 Email: pvgas@pvgas.com.vn

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