Petrolimex Gas (PGC) rises after net income triples

Petrolimex Gas Joint-Stock Corp. (HOSE: PGC) rose to a two-month high Wednesday after the company said net income more than tripled in the seven months through July.

The shares gained 4.6 percent to VND18,400, the highest since June 12, on the Ho Chi Minh Stock Exchange. The benchmark VN-Index ended a two-day decline the same day, advancing 1.7 percent.

The Hanoi-based petro-chemical company said net income rose to VND44.7 billion (US$2.5 million), from VND13.5 billion in the same period a year earlier, according to a company statement to the exchange’s website.

thanhnien, bloomberg

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