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.
PetroVietnam Fertiliser and Chemicals Corporation (DPM) has reported a in revenue of 3.5 per cent year-on-year to VND2.13 trillion (US$91.6 million) in the fourth quarter of 2019.
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.
The HOSE-listed PetroVietnam Fertiliser and Chemicals Corporation (DPM)
has opened a new factory to produce UFC85, an essential feedstock in
urea production.
Phu My Fertiliser Corp (DPM) next month will spend VND950 billion (US$45
million) to pay out dividends despite poor business result in the first
quarter of this year.