PVF earns pre-tax profit of 611b dong, surpassing 53pct of year plan

VNStockNews.com - PetroVietnam Finance Joint Stock Corp (coded PVF) announced achieving 2009 revenue of 5.658 trillion dong, equal to 145 percent of the year plan; and pre-tax profit of 611 billion dong, or 153 percent of the year plan.

These figures were calculated after setting up standby fund for credit and investment activities of 400 billion dong.

According to the corporation's representative, PVFC aimed to reach total revenue in 2010 of 5.059 trillion dong and pre-tax profit of 1.032 trillion dong, after deducting for standby fund in line with regulations issued by ministry of finance and State Bank of Vietnam. Together with these targets, the company planned to pay 2010 dividend of 12.9 percent at minimum.

As for listing PVF-coded shares on Singapore Stock Exchange (SGX), the corporation planned to realise this project in 2010.

Noticeably, in 2010, PVF planned to transfer 18 percent of capital contribution of PetroVietnam at PVFC.