Petrolimex’s shares listed on HOSE

The Vietnam National Petroleum Group (Petrolimex) today listed its shares coded PLX on the Ho Chi Minh Stock Exchange (HOSE).

At the event on April 21 (Photo: SGGP)

At the event on April 21 (Photo: SGGP)

With its chartered capital of VND12,938 billion, Petrolimex’ shares listed at the price of VND43,200 (US$1.90) per share valuing it at VND55,982 billion (US$$2.5 billion), accounting for 3.3 percent HOSE’s capital of VND1.68 trillion as of April 19, 2017.

In the first session, Petrolimex entered the club of the ten biggest companies on the HOSE, including  Vinamilk (VNM), Vietcombank (VCB), Vingroup (VIC), PV Gas (GAS), FLC Faros (ROS), exceeding VietinBank (CTG) and BIDV (BID).

Equitized in 2011, Petrolimez has seen turnover growth in its business of petrol, transport, gas and oil. In 2016, the largest fuel importer and distributor of Vietnam achieved a revenue of VND123.127 trillion ($5.42 billion). Its post-tax profit in 2016 was VND5.166 trillion, 50 percent higher than 2015. Profit on each share reached VND4,254 just after Vinamilk and Sabeco.

In 2017, Petrolimex has targeted to earn VND163,221 billion and will reach VND202,202 billion in 2020.

By Nguyen Huu – translated by Uyen Phuong

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