PVS estimates over $27m in profits in first six months

PetroVietnam Technical Services Corp (PVS) estimates its profits for the first-half of this year at VND570 billion (US$27.1 million) while its revenue could reach VND10.2 trillion ($485.7 million) by the end of June.

According to the company, it is becoming increasingly confident of completing its business plan for this year, of which total revenues will reach VND26.5 trillion ($1.26 billion) and before-tax profits, VND1 trillion ($47.6 million).

This year, PVS will focus its investment on core businesses such as shipping services, ports and specialised equipment for the oil and gas industry.

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