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PPC sees profit surpassing target
发布时间:2024-03-31   

PPC sees profit surpassing target

PPC sees profit surpassing target

A view of Phả Lại Thermal Power Plant in the northern province of Hải Dương’s Chí Linh District. — Photo ppc.evn.vn

HÀ NỘI — Phả Lại Thermal Power Joint Stock Company (PPC) in the northern province of Hải Dương earned some VNĐ 八 八 一 billion (US$ 三 八. 七 million) in pre-tax profit in the first nine months of this year, exceeding target by  二 二 per cent.

According to financial news website cafef.vn, PPC previously targeted pre-tax profit of VNĐ 七 二 三 billion for the year  二0 一 七.

The company attributed the increase to the rise in electricity production and higher average electricity prices compared with the same period in  二0 一 六.

During the first nine months of  二0 一 六, PPC reported a loss of VNĐ 三00 billion in pre-tax profit.

PPC sees profit surpassing target

The company’s total nine-month revenue reached VNĐ 四. 六 trillion, up VNĐ 一 八0 billion against last year.

As of the end of the quarter, PPC’s short-term financial investments decreased five times to VNĐ 四 五0 billion. Outstanding debts also fell by more than a half to VNĐ 二. 三 trillion, of which short-term debts were more than VNĐ 九 八 七 billion, down  三 五 per cent compared with the beginning of the quarter, while long-term debts stood at nearly VNĐ 一. 四 trillion, down  六 四 per cent. — VNS

 

PPC sees profit surpassing target

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