PVChem reports significant profit growth in first half of 2025

PVChem announced an 18.06% increase in net profit after corporate income tax for the first half of 2025, reaching VND 1,293,633,474 compared to the same period in 2024. This growth is attributed to strong profit performance from drilling fluid and production chemical services by its member units, boosting the parent company's financial income. The consolidated financial statements also reflect a substantial 168.77% increase in net profit after corporate income tax, driven by a 72.93% rise in net revenue from sales and services, totaling VND 871,127,663,394 for the period.

The corporation also reported a retrospective adjustment to its basic earnings per share. Following a resolution from the annual general meeting of shareholders on April 28, 2025, PVChem and its subsidiaries allocated VND 4,401,681,555 from after-tax profit to bonus and welfare funds. This adjustment impacted the net profit attributable to ordinary shareholders for the period ended June 30, 2024, changing the basic earnings per share from VND 9 (as reported) to VND -7 (adjusted).