Oil, Gas and Consumable Fuels
Company Overview of Vietnam National Petroleum Corporation
Company Overview
No. 1 Kham Thien Str.
Dong Da District
Hanoi, 10000
Vietnam
Founded in 1956
Key Executives for Vietnam National Petroleum Corporation
Vietnam National Petroleum Corporation Key Developments
Tong Cong ty Xang Dau Vietnam poured a total of VND 3.8 trillion ($181 million) in non-core business sectors last year. This year, the company plans to invest VND 833 billion in non-core business sectors such as property. The figure will fall to VND 601 billion in 2012.
Tong Cong ty Xang Dau Vietnam announced earnings results for the nine months of 2011. For the nine months, the company reported losses of VND 2 trillion from trading fuels amid the lower sale prices than the import ones. The company provides earnings guidance for the two months of November and December 2011. For the period, the company estimated that it will make a net profit of VND 150 billion. Its estimated revenues would be VND 25.35 trillion. The dividend payment of the company equivalent to VND 135 per share during two months of November and December 2011. The company aims for dividend payment equivalent to VND 1,000 per share and 1,200 per share in 2012, 2013, respectively.
Tong Cong ty Xang Dau Vietnam provided earnings guidance for 2011, 2012 and 2013. For the period, the company expected to report its net profit to fall to VND 491 billion from VND 924 billion in 2010. For 2011, the company expects net profit to jump to VND 2.1 trillion. For 2013, the company expected net profit to jump to VND 2.6 trillion.
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To contact Vietnam National Petroleum Corporation, please visit www.petrolimex.com.vn. Company data is provided by Capital IQ. Please use this form to report any data issues.
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