PVGas appoints new general director

Tuesday, May 12, 2015 14:59

PVGas engineers check equipment. The company earned $684 million in after-tax profits last year. — Photo cafef.vn

HA NOI (Biz Hub) — The PetroVietnam Gas Joint Stock Corporation (PVGas) on May 9 appointed Duong Manh Son as its general director and a member of the management board of the company.

Duong Manh Son. — Photo pvgas.com.vn

Son, who holds degrees in mechanical engineering and business management, had been the deputy general director of the firm since 2009. He has been working in the oil and gas sector since 1994.

The company said in an online statement that Son had "well accomplished heavy responsibilities in the business activities of PVGas, in particular, and the gas industry in general."

In April, the firm said it had earned nearly VND73.65 trillion (US$3.51 billion) in total turnover and VND14.37 trillion ($684.28 million) in after-tax profits – the highest profit among businesses listed on the domestic stock market – last year.

Its charter capital reached VND18.95 trillion ($902.38 million) and total asset value was VND53.79 trillion ($2.56 billion) in 2014.

The Viet Nam Oil and Gas Group (PetroVietnam) is the parent company of PVGas and reportedly holds a 96.7 per cent stake in this firm. — VNS

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