PVN is the best profit - enterprise in the year 2019

On 6^th Nov, in Hanoi, Vietnam Report cooperated with Vietnamnet online magazine to organize the Announcement ceremony of 500 best profit enterprise in Vietnam in 2019. PVN ranked the highest position in this year’s chart.

This is the second year, PVN is listed as the leading enterprise. Among top 10, there is also PV GAS ranked the sixth position. In addition, there are 16 corporation and companies of PVN appeared in 500 best profit enterprise list in 2019.

PVN’s executives received the prize.

The ranking of 500 Vietnamese enterprises with the best profits based on independent research and evaluation results which is periodically published annually from 2017 with the advice of prestigious domestic and foreign experts with criteria such as: indicators reflecting profitability (ROA, ROE, ROR); profit before tax; turnover, profit-to-equity ratio of the enterprise. The criteria of asset size, labor size, revenue growth and profit potential.

In the third quarter of 2019, the total revenue of PVN in 9 months was estimated at 560.6 trillion VND, exceeding 12% of the 9-month plan and equaling 92% of the year plan.

State budget payment for the whole Group for 9 months was estimated at 78.5 trillion VND, 11.1% higher than the 9-month plan and 89% of the yearly plan. Capital preservation ratio as of September 30, 2019 reached 1.01 times, ensuring capital safety and development. Profit / dividends distributed from member units to September 24, 2019 reached 92% of the year plan.