PTSC estimated profit of 2017 reaching 1,000 billion, exceeding 43% of the year plan

Reporting about business production activities, CEO and President Phan Thanh Tung emphasized that 2017 was a difficult year with PTSC due to the impact of oil price. Most of new projects of oil and gas fields in Vietnam and foreign countries are temporarily standby. Offshore services (main core service of PTSC) are severely reduced and highly competed.

However, the business results of PVS are quite positive. In 2017, consolidated revenue is estimated at VND 14,800 billion, fulfilling 114% of the year plan. Profit before tax reached VND1 trillion, exceeding 43% of the year plan.

According to the direction of tasks in 2018, PTSC will continue to focus on efficient use of resources, boosting and developing production and business activities, ensuring the provision of high quality and specialized petroleum technical services in order to meet the requirements of oil and gas contractors; actively promoting the participation in bidding and searching for contracts to ensure employment for employees; PTSC also aims to consolidate domestic markets and expand foreign markets as well as build solutions to connect professional systems. Besides, PTSC plans to enhance technical and engineering capability and develop new products and services