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PetroVietnam Gas sees gross profit down 21 pct y/y in 2015

Feb 14th at 09:59
14-02-2015 09:59:40+07:00

PetroVietnam Gas sees gross profit down 21 pct y/y in 2015

PetroVietnam Gas, Vietnam's biggest listed firm, projected its gross profit this year will drop 21.2 percent from 2014 to 14.16 trillion dong ($670 million) on lower revenues.

 

Revenues are projected to reach 69.54 trillion dong this year, down 5.4 percent from 2014, the Ho Chi Minh City-based company said in a statement on Wednesday.

It cited crude oil price volatility and the firm's funding needs for several major projects as reasons for the forecasts.

reuters

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