Petrolimex petrochemical posts strong first-half profit growth

Petrolimex Petrochemical Corporation reported a 41.56% increase in profit after corporate income tax for the first six months of 2025, reaching VND 46,063 million, up from VND 32,539 million in the same period of 2024. Profit before tax also surged by 56.36% to VND 57,741 million, while gross profit grew by 12.79% to VND 254,304 million. The company attributed this growth primarily to increased consumption output during the period.

The corporation's total assets as of 30 June 2025 stood at VND 2,112,394,420,151. Key financial highlights include cash and cash equivalents of VND 192,666,354,539, short-term financial investments of VND 145,000,000,000, and inventories of VND 557,953,437,149. The company’s revenue from sales of goods reached VND 1,143,815,880,507, with lubricants contributing VND 955,451,199,684 to sales.

For 2024, the General Meeting of Shareholders approved a cash dividend of 5% (VND 500 per share), totaling VND 40,398,783,000. The company also maintained a loan guarantee commitment for 49.3% of the loan of VP Petrochemical Transport Joint Stock Company, an associate, with a carrying amount of VND 280,982 million.