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PV GAS achieved more than 50% of the year's profit target in the first quarter.

PetroVietnam Gas Corporation (PV GAS) has just announced impressive business results in the first quarter of 2025 with revenue reaching VND 25,700 billion and after-tax profit of VND 2,760 billion, up 10% over the same period last year. Notably, this profit has reached 52% of the yearly plan.

Báo Bà Rịa - Vũng TàuBáo Bà Rịa - Vũng Tàu06/05/2025

LPG tank at PV GAS Vung Tau Port Warehouse.
LPG tank at PV GAS Vung Tau Port Warehouse.

According to Mr. Pham Van Phong - General Director of PV GAS, the unit has maintained stable operations with a reliability rate exceeding 99.5%, meeting 100% of gas demand for power plants and customers, even during the peak dry season. In particular, PV GAS has just completed upgrading the capacity of Thi Vai LNG warehouse from 5.7 to 7.7 million sm3/hour, significantly increasing supply capacity.

Currently, PV GAS is operating a synchronized gas infrastructure system consisting of more than 1,500km of pipelines, 3 gas processing plants (GPP), and many LNG/LPG terminals nationwide. These results continue to affirm PV GAS' leading position in the Vietnamese energy industry.

News and photos: HA AN

Source: https://baobariavungtau.com.vn/kinh-te/202505/pv-gas-dat-hon-50-chi-tieu-loi-nhuan-ca-nam-ngay-trong-quy-i-1041755/


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