PetroVietnam subsidiary pays 10% dividend

PetroVietnam Drilling Services (PVD) plans to issue 25 million shares next month to pay dividends at 10 per cent.

During the first nine months of this year, the company earned revenues of VND10.4 trillion (US$490.5 million) and VND1.48 trillion ($69.8 million) in profit.

It expect to make a year-end profit of VND1.8 trillion ($84.9 million), a 32.4 per cent increase on its initial target.

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