PetroVietnam Transportation Corporation (PVC) has just released its financial report for Q1 2025. This quarter’s revenue reached 150 billion VND, down 10% compared to the same period last year. The main reason is the decline in transportation contracts due to the global oil market’s impact. However, the company has reduced operational costs, resulting in a gross profit of 30 billion VND, achieving a gross profit margin of 20%. Nevertheless, administrative costs increased due to investments in new technology. PVC’s net profit reached 15 billion VND, although it decreased from last year, it is still higher than expected. The company aims to grow revenue in the following quarters by expanding services and exploring new markets. PVC is actively seeking partnership and investment opportunities to enhance production and business efficiency.
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