PVGas D achieved revenue of VND 851 billion and profit of VND 123 billion, reaching 71% and 93% of its annual plan, respectively. PVGas D is a gas distribution company under PetroVietnam, with its shares currently trading at VND 73,000 per share on the OTC market.
According to the General Shareholders’ Meeting resolution, PVGas D will increase its charter capital by VND 99 billion through a share issuance at VND 10,000 per share for existing shareholders and company employees.
For the 2009–2010 period, the company plans to invest in three gas distribution lines, including VND 170 billion for Line 1, VND 150 billion for Line 2, and VND 164 billion for Line 3. An additional VND 44 billion will be allocated for other investments.
(Dau Tu Chung Khoan, 19/10)
