PGD - REDUCE - Profits Going Down - Results
  • 14 Nov 2012
  • Company Research
PGD posted revenue of VND4,058bn, a 71% increase yoy but posted net profit of VND157bn, a 39% drop yoy. As expected a retroactive gas feedstock increase hurt 9MFY12 earnings. Gross margins were cut in half to 9.7%. PVGas (GAS), PGD’s parent company, plans