On June 16, the annual shareholder meeting of Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC) took place amid positive business results in 2024, with total revenue reaching VND 14.037 trillion and pre-tax profit of VND 1.522 trillion. The company aims for nearly VND 14 trillion in revenue for 2025, despite forecasting a drop in post-tax profit to VND 774 billion. A notable issue discussed was General Director Van Tien Thanh’s focus on the effects of the Israel-Iran conflict, highlighting that this tension could significantly impact global fertilizer prices. Oil prices have surged dramatically from $61 to $74 per barrel, and if the conflict persists, it could reach $100-120. As oil prices rise, input gas prices will also increase, raising production costs for urea. The company anticipates these price fluctuations and indicated that price adjustments will follow fluctuations in raw material costs while maintaining stable profit margins due to its operational stability across multiple plants.
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