Oil firm bags nearly $4.4 billion in 2019

Thursday, Jan 30, 2020 14:49

BSR's Dung Quat plant. — Photo bsr.com.vn

The Binh Son Refining and Petrochemical JSC (BSR), a subsidiary of the Viet Nam Oil and Gas Group (PetroVietnam), has reported gross revenue of VND102.82 trillion (nearly US$4.4 billion) last year.

According to a consolidated financial report released on Monday, BSR’s after-tax profit hit more than VND2.75 trillion, contributing over VND9.7 billion to the State budget.

The firm’s equity increased from VND31.37 trillion at the end of 2018 to over VND33.9 trillion last year. Meanwhile, its liabilities decreased nearly VND2 trillion to VND19.5 trillion.

Total assets of BSR stood at over VND53.4 trillion. In the first quarter of this year, the company wants to ramp up operations at the Dung Quat Oil Refinery Plant to its maximum capacity to complete its production targets for the year. — VNS

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