In the first six months, PVS reported revenue of VND8.7 trillion, down by 2.3 per cent against last year. —Photo petrovietnam.petrotimes.vn

PetroVietnam Technical Services Corporation (PVS) announced revenue of VND5.47 trillion in the second quarter of this year, up 13.4 per cent year-on-year.

Revenue from financial activities decreased by 23 per cent to VND70 billion.

Pre-tax profit increased by 66 per cent year-on-year to VND405 billion. Post-tax profit was up by 14 per cent year-on-year to reach VND248 billion.

In the first six months, PVS reported revenue of VND8.7 trillion, down by 2.3 per cent against last year. Post-tax profit was VND359 billion, down by 39 per cent. With these results, the company fulfilled 58 per cent of its revenue plan and 61.4 per cent of the profit plan for this year.

The biggest contributor to revenue and profit in the first half was mechanical engineering and construction, with VND4.17 trillion and VND233 billion, respectively.

Revenues and profits from supplying specialised vessels and processing and export of crude oil (FSO/FPSO) were VND1.9 trillion and VND53 billion, respectively.

By the end of the second quarter, PVS had receivables of VND6.9 trillion, up 50 per cent compared to the beginning of this year. — VNS