According to ACBS, PTSC (PVS code) is projected to have a backlog of over 100 trillion VND (4 billion USD) from now until 2027, exceeding 4 times its 2024 revenue. In oil construction, PVS has major projects such as Lo B – O Mon worth 1.2 billion USD and other significant projects. The offshore wind segment is expected to reach 800 million USD with projects like CHW2204. PVS is also executing major thermal power projects. The company has over 16,500 billion VND in cash, with debts below 1,700 billion, allowing for consistent dividends, projected at 7% for 2024. PVS aims for 2025 revenues of 22,500 billion, a decrease of 10% compared to 2024, but it typically exceeds its actual plan. In the first quarter of 2025, PVS reported revenues of 6,014 billion VND, a 62% increase from the same period in 2024.
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