PLX - Demand recovery, oil price uptrend support Q4 NPAT - Earnings Flash
  • 2021-02-02T16:51:15
  • Company Research
PLX posted official 2020 results with revenue of VND124tn (USD5.3bn; -34.6% YoY) and NPAT-MI of VND970bn (USD42mn; -76.7% YoY) as COVID-19 and the plunge of oil prices had a negative impact on the petroleum, jet fuel and transportation segments. Domestic sales volume in 2020 decreased ~5% YoY while average petroleum prices dropped ~23% YoY.