PV GAS continues to be among top 50 listed companies 2019
The Forbes Vietnam magazine recently placed PetroVietnam Gas Joint Stock Corporation (PV GAS) second in terms of after-tax profit and fourth in revenue among top 50 listed companies in 2019 in its rankings.
Hanoi (VNA) – The Forbes Vietnam magazine recently placed PetroVietnamGas Joint Stock Corporation (PV GAS) second in termsof after-tax profit and fourth in revenue among top 50 listed companies in 2019in its rankings.
PV GAS is one of afew companies to be present in the rankings for eight consecutive years.
ThePetroVietNam Insurance Joint Stock Corporation and the PetroVietnamPower Corporation were also named in the list.
According to the Forbes Vietnam, the list groupsthe best-performing companies listed on Ho Chi Minh City and Hanoi bourses. Theirafter-tax profit hit a record of over 138.7 trillion VND, up 8.7 percentannually.
However, their capitalisation saw an annualdecrease for the first time in the past eight years, reaching 8🔥1.3 billion USDin mid-May, down 13.5 percent./.
PetroVietnam Gas Joint Stock Corporation (PV Gas) has taken the lead in the Vietnam Oil and Gas Group (PetroVietnam) and played key role in the domestic gas industry, heard a meeting celebrating the 30th founding anniversary of the corporation in HCM City on September 18.
PetroVietnam GAS Corporation JSC (PV GAS), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), raked in over 6 trillion VND (over 259 million USD) of post-tax profit in the first nine months of the year, exceeding the target set for the period by 27 percent.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Illustrative image (Photo: pvn.vn) 
