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GAS: Explanation for business result in 2020
HOSE - 3/30/2021 4:22:00 PM
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PetroVietnam Gas Joint Stock Corporation has explained the profit after tax of 2020 compared to 2019 as follows:  

-          Profit after tax based on the audited financial statements in 2020:

By: million dongs

No.

Target

2020

2019

% Compared to 2020/2019

1

Parent company

8,069,010

11,920,871

68%

2

Consolidated

7,971,791

12,085,651

66%

 

-          Profit after tax of parent company in 2020 decreased by 32% compared to 2019 and profit after tax of the consolidated financial statements in 2020 decreased by 34% compared to 2019 because of the following causes:

Brent’s average oil price in 2020 (48.84USD/barrel) decreased by 22.37USD/barrel compared to 2019 (64.21USD/barrel), equivalent to a decrease of 35%, making the selling price of PV Gas’s products decreased correspondingly, leading to profit decreased.

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