VNStockNews.com - Petrolimex general Services Joint Stock Corp (coded PET) targets to gain Q4 revenue of 1.795 trillion dong and after tax profit of 29 billion dong.
In the latest extraordinary shareholders meeting held on October 29, 2010, the company's shareholders have approved to re-structure the corporation that will start by the end of 2010.
In details, the company plans to transform its four subsidiaries into joint stock ones, including the Petrolimex general Distribution one-member Co Ltd, Petrolimex Sea Trading and Services one-member Co Ltd, Petrolimex Asset Exploitation and Management one-member Co Ltd and Petrolimex Central Region Trading and Services one-member Co Ltd
At present, PET is seeking for potential partners in real estate field so as to speed up the implementation process of Petrosetco Tower project in Thanh Da, Binh Thanh Dist, HCM City.
According to the company's combined financial reports in Jan-Sep, the corporation reported reaching net revenue in the first nine months of 7.094 trillion dong, equalling to 92 percent of the year plan and after tax profit of 124 billion dong, or 108.7 percent.
