HÀ NỘI — The Bình Sơn Refining and Petrochemical Joint Stock Company (BSR) posted more than VNĐ1.25 trillion (US$54.14 million) in after-tax profit in the fourth quarter of 2020, up VNĐ1.08 trillion from the previous quarter.
According to its financial report for 2020, though it posted negative growth for the year as a whole, its indications in cash flow for payments and operations remained stable.
As of the end of 2020, its total property was worth VNĐ54.53 trillion, up VNĐ2.31 trillion against 2019.
The company basically completed all of its targets in 2020. It operated the Dung Quất Oil Refinery in a safe and stable manner, with average operational capacity at 105 per cent and total output at about 5.95 million tonnes, surpassing the target by 7 per cent.
Total revenue topped VNĐ57.89 trillion last year, while State budget contributions totalled VNĐ6.24 trillion. It cut costs by about VNĐ1.8 trillion (excluding costs for crude oil).
The negative growth in revenue was due to COVID-19 as well as the slump in the oil price. It managed, however, to minimise its losses and keep negative growth at the lowest possible level.
According to the company, a number of drastic and flexible measures were applied to keep Dung Quất Oil Refinery operating at optimal capacity.
Thanks to such efforts, though the refinery was closed for 51 days for maintenance, it still ensured supply to customers. From the third quarter of 2020, it began to turn a profit.
It expects to recover quickly in 2021 as the global oil price rises. VNS
- Samsung posts record profits for Q4, overtakes Intel as world's biggest chipmaker
- Foreign brokers raise Sensex, Nifty targets post tax cut announcement
- YES Bank posts lower profit for FY19 due to NPA divergence
- PGBank, HDBank merger could finish in June 2020
- Vietnam Top 10 Most Profitable Companies in 2019: Who is who?
- Google, Facebook make billions in Australian sales but pay less than $40m in tax
- Stocks to watch: In times of tax gain, these 72 firms grew Q2 PAT on top line expansion
- Wall Street Democrats Are Absolutely Freaking Out About Their 2020 Candidates
- VN30 firms take 92 percent of all top listed firms’ total Q3 profits
- Tory Keynesianism? Boris Johnson's Postponed Tax Cuts Signals Shift In Conservative Economic Agenda
- Biden Campaign Sends Out Post-Debate Email Hours Before Event Starts
- Ryanair profit down, says growth plans could be hit further by MAX delays and Brexit
BSR posts after-tax profit of more than $54m in Q4 2020 have 408 words, post on vietnamnews.vn at January 21, 2021. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.
