PV Power reports over 31.2 million USD in post-tax profit in Q1. (Photo: VNA)
- PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 720
billion VND (over 31.2 million USD) the
first quarter of 2021, surpassing the quarterly plan by 6 percent.
Deputy Director of PV Power Nguyen Thi
Ngoc Bich attributed the firm’s strong growth profit to its finance investment
activities in the period, including the successful divestment of over 19.93
million shares at Petro Vietnam machinery-technology JSC (PV MACHINO), which generated a pre-tax profit of 350 billion
Dividends worth about 170 billion VND that PV Power received from Nhon Trach 2
thermal power JSC also contributed significantly to its profit in the last
However, PV Power’s electricity output reached 4.64 billion kWh in the reviewed
period, equal to only 90 percent of the set plan for the first quarter, and 88
percent of the same period last year.
PV Power will closely work with the Electricity of Vietnam, the National Load Dispatch Centre (A0), the Vietnam National Coal and
Mineral Industries Group (Vinacomin), and the PetroVietnam Gas Joint Stock Corporation (PV GAS) in
operating its power plants, towards producing 5.923 billion kWh in the second
It also plans to pour investment into
Nhon Trach 3 and 4 power plants in the coming time./.