Petrolimex's PIT reports H1 performance

Petrolimex Export and Import Joint Stock Co (coded PIT) on August 13 reported the first half's business result with over 1038.8 billion dong in revenue, fulfilling 61% of the year's target and 27 billion dong from pre tax profit, or 60% of the year's plan.

However, the company's export turnover did not reach the target just with 404.6 billion dong in export revenue, accounting for 38.95% of total revenue.

For the rest of the year, PIT plans to gain 793.4 billion dong in revenue, of which revenue from export of at least 51% of the year's total revenue, and pre tax profit of 21.6 billion dong.

The company also plans to invest over 125.8 billion dong in building Petrolimex paint factory with the total estimated capacity of 16 million litres a year including 12 million litres of water-paint and four million litres of oil-paint.

PIT's shareholders meeting also passed the plan to hike the company's chartered capital to 140 billion dong.

Ending the trading session on August 13, PIT-coded shares closed at 19,400 dong per share, up 500 dong or 2.65% from previous session with 99,130 shares being traded.