Fuel retail giant Petrolimex’s net profit nearly doubles in 2023

Fuel retail giant Petrolimex’s net profit nearly doubles in 2023

Fuel retail giant Petrolimex reported a consolidated net profit of VND2.8 trillion ($114.64 million) in 2023, up 94% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PGBank chairman quits after three months in the position

PGBank chairman quits after three months in the position

Nguyen Phi Hung has resigned from the positions of board chairman and member of PGBank for personal reasons, three months after being appointed.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam oil and gas firms post mixed Q2 results

Vietnam oil and gas firms post mixed Q2 results

Contrasting Q2 results have been recorded across upstream, midstream and downstream firms in the Vietnamese oil and gas industry.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major Vietnam gasoline retailers post contrasting Q2 results

Major Vietnam gasoline retailers post contrasting Q2 results

Two major Vietnamese gasoline retailers posted vastly contrasting Q2 results with one making profit after suffering a loss last year and the other seeing its profit drop drastically.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail giant Petrolimex targets 42% hike in 2023 pre-tax profit

Retail giant Petrolimex targets 42% hike in 2023 pre-tax profit

Vietnam's biggest gasoline retailer Petrolimex has set a pre-tax profit target of VND3.23 trillion ($137.14 million) in 2023, a year-on-year increase of 42%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail giant Petrolimex posts Q1 profit growth of 51%

Retail giant Petrolimex posts Q1 profit growth of 51%

Vietnam's biggest gasoline retailer Petrolimex reported after-tax profit of VND667 billion ($28.43 million) in the first quarter of 2023, up 51% year-on-year, while Petrovietnam's subsidiary PVOil posted VND266 billion ($11.34 million), down 6%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail giant Petrolimex successfully divests from PGBank

Retail giant Petrolimex successfully divests from PGBank

Petrolimex, Vietnam's biggest gasoline retailer in terms of market share, successfully sold all 120 million of its PGBank shares on Friday via an auction on the Ho Chi Minh Stock Exchange (HoSE).

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

PG Bank stock auction attracts 16 investors

PG Bank stock auction attracts 16 investors

The PG Bank stock auction has attracted 16 investors interested in buying the 120 million shares up for sale, including nine domestic individuals and seven domestic institutions, according to the Ho Chi Minh City Stock Exchange (HoSE).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrolimex sets offering price for 120 mln PG Bank shares

Petrolimex sets offering price for 120 mln PG Bank shares

Petrolimex, Vietnam's biggest gasoline retailer, will publicly auction 120 million PG Bank shares through the Ho Chi Minh Stock Exchange (HoSE) with a starting price of VND21,300 ($0.89) per share, with proceeds estimated at VND2,556 billion ($107.7 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrolimex set to divest from PG Bank

Petrolimex set to divest from PG Bank

Petrolimex plans to divest from private creditor PG Bank via public auction through the Ho Chi Minh Stock Exchange (HoSE).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retailer Petrolimex posts 45% profit drop year-on-year

Retailer Petrolimex posts 45% profit drop year-on-year

Petrolimex, Vietnam's biggest gasoline retailer by market share, announced consolidated pre-tax profit of an VND2,068 billion ($88.23 million), down 45% year-on-year but seven times higher than its adjusted target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major retailer Petrolimex to reduce profit target by 10 times

Major retailer Petrolimex to reduce profit target by 10 times

Petrolimex, Vietnam's biggest gasoline retailer by market share, is seeking shareholder approval to reduce its pre-tax profit target in 2022 from VND3,060 billion to VND300 billion ($12.1 million) due to "force majeure".

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast opens 10 charging stations at Petrolimex stations

VinFast opens 10 charging stations at Petrolimex stations

Carmaker VinFast on Friday launched 10 charging stations at fuel stations of Petrolimex in Vietnam, paving the way for opening more than 500 similar points across the country under a joint partnership.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrolimex applies solutions to cope with price fluctuations

Petrolimex applies solutions to cope with price fluctuations

Petrolimex, Vietnam's biggest gasoline retailer by market share, is adopting a range of solutions aimed to achieve its business targets amid unpredictable fluctuations in gasoline prices.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrolimex records $6 mln loss in Q2 despite surging oil price

Petrolimex records $6 mln loss in Q2 despite surging oil price

Petrolimex, Vietnam's biggest gasoline retailer by market share, reported a loss of of VND141 billion ($6 million) in the second quarter of the year despite soaring prices of crude oil.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

State Bank approves Petrolimex's divestment from PG Bank

State Bank approves Petrolimex's divestment from PG Bank

The State Bank of Vietnam has allowed Petrolimex to divest its entire 40% stake, or 120 million shares, in private creditor PG Bank.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail colossus Petrolimex fulfils 44% of yearly profit plan

Retail colossus Petrolimex fulfils 44% of yearly profit plan

Petrolimex, Vietnam's biggest gasoline retailer by market share, reported a profit before tax of VND1,340 billion ($57.8 million) in the first five months of 2022, hitting 44% of its entire year target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast, Petrolimex ink EV charging station deal

VinFast, Petrolimex ink EV charging station deal

Automaker VinFast and Petrolimex have kicked off a partnership that will build electric vehicle (EV) charging stations at the fuel distributor’s retail outlets across Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Retail giant Petrolimex seeks to raise foreign ownership to 35%

Retail giant Petrolimex seeks to raise foreign ownership to 35%

State-run Petrolimex, Vietnam's biggest gasoline retailer by market share, has proposed the government allow its maximum foreign shareholding to rise from 20% to 35%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7