Fertiliser companies reported profit up by 5-10 times in the first quarter of this year compared to the same period in 2021, mainly thanks to the strong increase in average selling prices.
Corporate earnings were forecast to slow in 2020 as the economy became more vulnerable to external factors, data firms and securities businesses forecast.
PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.
PetroVietnam Ca Mau Fertiliser Company Limited (PVCFC)’s total output hit five million tonnes of urea on Thursday, after seven years of operation, vietnamplus.vn reports.
The Viet Nam Securities Depository allocated PetroVietnam Ca Mau
Fertilizer Co. Ltd., a leading fertilizer producer in Viet Nam, a new
securities trading code of DCM on March 18.