Vietnam Oil Corporation (PVOIL) reported that its revenue for Q1 2025 reached over 33 trillion VND, an increase of 11% year-on-year, despite the adverse effects of falling oil prices. PVOIL noted sales volume of nearly 1.3 million m3/tons, achieving 98% of its target. The company opened 95 more gas stations, bringing the total to 866. It forecasts a total revenue of 97.5 trillion VND for 2025, with a pre-tax profit of 780 billion VND. PVOIL has received a license to trade Jet A1 fuel and plans to start operations in Q4 2025. In 2024, PVOIL hit a record revenue of 125 trillion VND and a net profit of 474 billion VND, while developing new services and collaborating with Highlands Coffee to diversify its offerings.
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