PetroVietnam Oil Phu Yen profit plunges 59% in Q2

PetroVietnam Oil Phu Yen reported a profit after tax of VND 1.39 billion for the second quarter, down 59% from the same period last year due to decreased gross profit margins per liter of gasoline.

For the first six months, net profit fell to VND 2.01 billion from VND 6.89 billion in 2024. Total assets declined to VND 318.6 billion at the end of Q2 from VND 352.1 billion at the start of the year.