PV Power Nhơn Trạch reports profit gain

HÀ NỘI — PetroVietnam Power Nhơn Trạch 2 Corporation has reported that its post-tax profit for the second quarter of 2018 rose 41 per cent year on year to VNĐ269 billion (US$12 million).

The company recorded VNĐ2 trillion in net revenue, a yearly growth of 13 per cent. However, its combined profit fell by VNĐ140 billion to VNĐ261 billion compared to the same period last year due to increasing gas prices as a input cost.

PetroVietnam Power Nhơn Trạch 2 reported its financial income increase almost seven-fold over last year’s figure to VNĐ102 billion in the second quarter of 2018, including VNĐ66.7 billion received from reviewing the exchange rate between the đồng and foreign currencies.

After the first six months of 2018, the company posted VNĐ4 trillion in revenue and VNĐ504 billion in post-tax profit, fulfilling 58 per cent and 67 per cent of its full-year targets.

By July 1, the company’s total asset value stood at VNĐ10 trillion, up by VNĐ36 billion from the beginning of the year.

The company is listing on the HCM Stock Exchange as NT2, gaining 1.7 per cent to close Wednesday at VNĐ26,800 per share. Its stock has been removed from the blue-chip VN30 Index. — VNS