PetroVietnam Machinery - Technology JSC (PVM) discloses its consolidated financial statements for the third quarter ended on September 30, 2016.
The company said it made VND8.1 billion consolidated net profit in July - September 2016 period, up 29% from VND6.3 billion consolidated net profit in the same period of 2015.
Of which VND7.9 billion was attributed to the parent company and VND269 million to non-controlling shareholders.
The company gathered VND167 billion consolidated net revenue in Q3/2016, down 21% on year. Gross profit was at VND3.2 billion in the quarter, down 22% on year.
Of note, financial expenses dove three-fourths to VND1.3 billion while financial income inched down 4% on year to VND56 billion in Q3/2016.
Sales expenses rose one-fifth to VND5.7 billion in Q3/2016.
Earnings per share (EPS) was at VND215 in Q3/2016 versus VND162 in Q3/2015.
In January - September 2016, PVM earned VND20 billion consolidated net profit on VND565 billion consolidated net revenue, up 75% but down 14% on year, respectively.
EPS was at VND506 in Jan-Sep 2016 versus VND289 in Jan-Sep 2015.
Total assets dropped to VND745 billion as of September 30, 2016 from VND814 billion as of January 1, 2016.