PV Gas's Jan-May revenue surpasses goal despite pandemic
Hanoi (VNA), June 4 -- The PetroVietnam Gas Corporation (PV Gas), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), reported nearly 27.6 trillion VND (1.18 billion USD) in revenue between January and May, more than 6 percent higher than its target for the period.
Pre-tax profit stood at over 4.5 trillion VND, exceeding the target by 34 percent. It also contributed close to 2 trillion VND to the State budget, 62 percent higher than expected.
According to PV Gas General Director Duong Manh Son, its operations were impacted by the COVID-19 pandemic triggering a fall in oil prices.
PV Gas has made every effort to sustain its business, reduce inventory, and clear several construction hurdles, he said.
As such, the company produ...
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