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PetroVietnam Oil reports 460 pct increase in profit - VnExpress International


PetroVietnam Oil reports 460 pct increase in profit
By Thuy Tien   February 3, 2021 | 10:10 am GMT+7
A worker walks in a fuel storage complex of PetroVietnam Oil in Ho Chi Minh City. Photo by VnExpress/Huu Khoa.
A decline in oil prices during the last quarter of 2020 reduced costs for state-owned fuel retailer PetroVietnam Oil, increasing its net profits to VND190 billion ($8.2 million).
In the period, revenues fell by 56 percent year-on-year to VND9.09 trillion, but with average Brent crude prices falling by 33 percent to $44.1 per barrel, profits skyrocketed by 460 percent.
PV Oil said financial charges were 53 percent lower and selling expenses fell by 4 percent. ....

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Experts warn of correction in trading this week - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports


Update:
January, 25/2021 - 07:28
|
 
Dung Quất Oil Refinery operated by Bình Sơn Refining and Petrochemical (BSR). BSR lost 5.6 per cent last week.  VNA/VNS Photo Huy Hùng
HÀ NỘI Market experts warned that investors should be cautious as trading might become choppy as the VN-Index approaches the 1,200-point landmark.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.22 per cent to end Friday s trading session at 1,166.78 points.
It had lost 2.3 per cent last week.
An average of 810.6 million shares were traded on the southern exchange during each session last week, worth VNĐ17.4 trillion (US$754.1 million). ....

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Experts warn of correction in trading this week


Experts warn of correction in trading this week
16:55 | 25/01/2021
Market experts warned that investors should be cautious as trading might become choppy as the VN-Index approaches the 1,200-point landmark.
Dung Quat Oil Refinery operated by Binh Son Refining and Petrochemical (BSR). BSR lost 5.6 per cent last week. - VNA/VNS Photo Huy Hung
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.22 per cent to end Friday s trading session at 1,166.78 points.
It had lost 2.3 per cent last week.
An average of 810.6 million shares were traded on the southern exchange during each session last week, worth VND17.4 trillion (US$754.1 million). ....

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