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PLX: Explanation for business result in Q1.2021 Viet Nam National Petroleum Group explained the business result in Quarter 1/2021 as follows:
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Content
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Q1/2021
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Q1/2020
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Difference
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A
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1
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2
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3=1-2
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Profit after tax
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Separate financial statement
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363,167,271,298
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-2,315,707,963,965
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2,678,875,235,263
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Consolidated financial statements
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736,214,873,615
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-1,813,156,088,927
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2,549,370,962,542
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Based on the separate and consolidated financial statements, the profit after in Quarter 1/2021 was profitable compared to Quarter 1/2020 because the Covid-19 epidemic was under control, and the world oil price (WTI) tended to increase steadily from 47.62 USD/barrel at the beginning of the quarter to 59.16 USD/barrel at the end of the quarter (equivalent to an increase of 20%), so the petroleum activities are profitable. HOSE
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