HCMC – PetroVietnam Power Corporation (PV Power, HOSE: POW) reported second-quarter net revenue of VND9.42 trillion, nearly unchanged from the same period last year, while its net profit surged 66% to VND733 billion.
In the first half of 2025, PV Power’s revenue rose 12% year-on-year to VND17.57 trillion, and its net profit jumped 83% to VND1.21 trillion. The company has achieved about 46% of its full-year revenue target of VND38.19 trillion and exceeded its profit target of VND439 billion by 174.5%.
Commercial electricity output in April-June reached 4.77 billion kWh, down 3% year-on-year but up 16% from the first quarter. Output from gas-fired plants in Ca Mau and Nhon Trach fell 12%, while coal-fired Vung Ang 1 and hydropower plants Hua Na and Dakdrinh recorded output increases of 52% and 4%, respectively.
As of June 30, PV Power’s total assets had risen nearly 8% over the start of the year to VND86.02 trillion. Financial debt had totaled VND27.87 trillion, an increase of over VND5.2 trillion, mostly to fund Nhon Trach 3 and 4 power station projects.
PV Power said Nhon Trach 3 is scheduled to start commercial operations in the third quarter of 2025, and Nhon Trach 4 would be operational by year-end. Together, the two plants will add 1,624 MW of capacity, supplying around nine billion kWh annually and boosting the company’s output and revenue from late 2025.
Closing the trading session today, August 15, POW decreased 3.35% over the previous session to VND15,850, with over 23.8 million shares changing hands.
The VN-Index fell 10.69 points, or 0.65%, to close at 1,630 points, with 84 gainers and 261 decliners on the Hochiminh Stock Exchange. For the week, the VN-Index still gained 45 points, or up 2.84%.
Trading volume exceeded 2.07 billion shares worth VND59.4 trillion, up 14% in volume and 13% in value over the session earlier. Block deals contributed over 59 million shares valued at VND1.9 trillion.
Bank stocks were actively traded, with MBB surging 2.4% to VND28,250 with 117.4 million shares matched. It was the second most actively traded stock on the market.
Lender SHB took the lead by liquidity on a volume of more than 120.1 million shares, gaining 2.21% to VND20,850. VPB edged up 1% to VND31,100 with 64.8 million shares changing hands.
Aviation stock VJC jumped 6.82% to VND145,600, becoming the top contributor to the index. However, many other bluechips dragged the main index.
The VN30 basket, which groups the 30 largest-cap stocks, saw 19 decliners and nine advancers. The VN30-Index lost 10.53 points, or 0.59%, to 1,783.25 points.
On the Hanoi Stock Exchange, the HNX-Index slid 2.81 points, or 0.99%, to 282.34 points, with 50 tickers rising and 133 others dipping. Trading volume reached 210.9 million shares worth VND5.02 trillion.
