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PVN has finished 2019 target of turnover and profit plan

PVN has finished 2019 target of turnover and profit plan - 

Vietnam Oil and Gas Group (PVN) informed that by the end of October 2019, most of the production targets in 2019 of the group was exceeded; 2019 plan on increasing oil and gas reserves has been completed; the activities on seeking, exploring and exploiting oil and gas were carried out accordingly to the plan; and in the first 10 months of 2019, PVN excellently finished the plan of turnover and profit for the whole year of 2019.

The plan implementation of PVN in October and 10 first months of 2019 is summarized as follows:

The electricity generation in October was estimated at 2.09 billion kWh, exceeding 9.6% of the October plan, and in 10 months was estimated at 18.55 billion kWh, exceeding 5.1% of the 10 month plan and equal to 85, 9% of the year plan.

Nitrogen production in October was estimated at 144.27 thousand tons, exceeding 1.3% of October plan and in 10 - month was estimated at 1.261 million tons, exceeding 8.1% of the 10 month plan and equal to 87.2% of the year plan.

Petroleum production in October was estimated at 0.896 million tons, exceeding 3.9% of the October plan and in 10 months was estimated at 9.9 million tons, exceeding 5.5% of the 10 month plan and equal to 87.2% of the year plan.

In particular, the financial targets of the group in the first 10 months of 2019 were exceeded the whole 2019 year plan such as:

The total turnover of the Group in October was estimated at VND 61.13 trillion, in 10 months was estimated at VND 627.74 trillion, exceeding 10.4% of the 10-month plan and exceeding 2.5% of the year plan, and finished for 02 months ahead of the year plan.

The state budget payment in October was estimated at VND 8.15 trillion, exceeding 5.9% of the October plan, in 10 months was estimated at VND 86.42 trillion, exceeding 10% of the 10 month plan, and finished for 2 months ahead the year plan.

The profit of the group also finished for 2 months ahead the year plan.

VietnamEnergy.vn

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