(PetroTimes) - PetroVietnam Fertilizers and Chemicals Corporation (PVFCCo - DPM) has just released its financial report for the third quarter of 2022 with impressive financial indicators, continuing the strong growth momentum from the beginning.
According to the consolidated business results report, in the third quarter of 2022, the company achieved revenue of VND 3,930 billion, profit before tax of VND 1,213 billion, up 37% and 60% respectively over the same period in 2021. In the first 9 months of 2022, revenue reached 14,866 billion dong and pre-tax profit was 5,369 billion dong, increasing 2 and 3 times over the same period. Equity from 10.7 trillion (early period) to 13 trillion dong, up 21% after 9 months.
Those positive financial indicators are due to the fact that from the beginning of 2022, PVFCCo has been able to reserve a large volume of raw materials purchased at good prices, along with a strong team of staff who have operated the Phu My Fertilizer Plant safely and continuously with highest capacity. By the end of the third quarter of 2022, Phu My Fertilizer Plant has produced nearly 900 thousand tons of fertilizers and chemicals of all kinds, far exceeding the plan and the same period in 2021. Thanks to the abundant supply, the total economic output sales of fertilizers and chemicals of all kinds reached nearly 940 thousand tons.
Besides, in addition to fully meeting domestic demand, PVFCCo promptly seized the opportunity of high fertilizer prices in the world to boost exports. Export volume in the first 9 months of the year reached 155,000 tons, 3 times higher than the whole year plan, making an important contribution to increasing revenue and profit in the first 9 months of the year.