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Wednesday, October 16, 2024

PVTrans gains VND1.2 trillion in profit in Jan-Sept

The Saigon Times

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HCMC – PetroVietnam Transportation Corporation, or PVTrans (HOSE: PVT), recorded revenue of VND8.1 trillion and before-tax profit of VND1.2 trillion in January-September.

Such results are encouraging as PVTrans plans to achieve revenue of VND8.8 trillion and before-tax profit of VND950 billion in 2024. By the end of September, PVTrans had achieved 92% of its revenue target and exceeded its profit goal for the year by 26.3%.

Regarding its fleet expansion, Gas Shipping, a member of PVTrans, received an LPG tanker in Singapore on September 9, 2024.

As of early September 2024, PVTrans owned and managed 55 vessels, including various types such as crude oil tankers, oil product tankers, chemical tankers, LPG carriers, and bulk carriers, with a total fleet capacity of over 1.5 million DWT. More than 85% of the fleet is currently serving the international market.

Closing the trading session today, October 11, PVT fell by 1.03% to VND28,750, with 2.8 million shares changing hands.

On the southern bourse, the VN-Index of the Hochiminh Stock Exchange added 2.03 points, or 0.16% day-on-day, closing at 1,288.39 points, with 195 winners and 160 losers.

Around 531.7 million shares worth VND13.2 trillion were traded, plunging by 26.15% in volume and 28.44% in value against yesterday’s session. Block deal transactions contributed VND1.26 trillion to the overall value.

The VN30 basket was the main driver of the market, closing up nearly 2 points, with VHM rising 3.4% and contributing around 1.6 points to the overall index. Other blue-chip stocks also performed strongly, including VJC, which climbed 2.7%, and MSN, which increased by 1.4%.

On the northern exchange, the HNX-Index inched up 0.08 point, or 0.04%, day-on-day, at 231.37 points, with 66 stocks advancing and 76 declining. Total trade volume exceeded 40 million shares valued at VND700 billion.

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