PV Trans has witnessed the highest growth in production and business results over 14 years of building and developing the corporation, converting an enterprise facing several difficulties into a success business, PV Trans general director Pham Viet Anh has said.

The transportation market this year faced many difficulties in business, but the corporation overcame the difficulties to achieve its business goals.

According to PV Trans’s latest report, PetroVietnam Transportation Corporation (PV Trans), listed on Ha Noi Stock Exchange (HNX), estimated its total revenue reached VND6.08 trillion (US$267.8 million) for this whole year, or 122 per cent of its yearly plan, and post-tax profit of VND460 billion, or 164 per cent of its yearly plan.

The corporation expects to pay VND300 billion to the State budget, or 158 per cent of the yearly plan.

The PV Trans general director, said the parent company and all its subsidiaries have had stable, efficient and profitable operation. PV Trans, the parent company, in particular, exceeded its business targets for 2016.

The parent company is estimated to have earned total revenue of nearly VND2.5 trillion, or 124 per cent of its yearly target, and post-tax profit of VND340 billion, or 167 per cent of the yearly plan. It paid VND170 billion for the State budget, or 162 per cent of the yearly plan, he said.

At present, PV Trans is considered the largest fleet transporting liquid cargo in Viet Nam and one of top 50 best enterprises in Viet Nam for 2015. It is also one of the 500 largest enterprises in Viet Nam in 2016.

It is a sea transportation business with the largest market capitalisation on HNX. Further, it also carries out large transactions with domestic and foreign investors and investment funds. — VNS