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DPM: Expected 3,600 billion VND in pretax profit for the whole year, surpassing 80% of the plan

09/01/2013

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Cafef.vn – According to published information, the year 2012 marked the highest revenue and pre-tax profit ever for DPM, estimated at 13,590 billion VND and 3,600 billion VND respectively.
Leaders of PetroVietnam Fertilizer and Chemicals Corporation (DPM) have recently published New Year”s greeting letter to all employees on its website.
According to published information, the year 2012 marked the highest revenues and pre-tax profit ever for DPM, estimated at 13,590 billion VND and 3,600 billion VND respectively. These figures also far exceed those in the business plan set at the beginning of year by DPM.
DPM Annual General Meeting of Shareholders adopted the target Pretax profit at 2,000 billion VND. Thus, PVFCCo may exceed up to 80% this year.
This estimated result is not much a surprise when DPM business results in the first 9 months of 2012 officially recorded 2,950 billion VND in Pretax profit, exceeding the annual plan. For this positive result, DPM said that in 2012 PVFCCo also sold in Ca Mau urea, leading to strong growth in output and revenues.

In the congratulatory letter signed by the President & CEO, DPM said 2012 was the first time after 9 years of Phu My fertilizer plant operation that the Corporation had achieved a record of 850 thousand tons and reached the annual output 23 days ahead of schedule.

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