Refinery operator BSR back in the black

By Dat Nguyen   April 27, 2021 | 09:23 am GMT+7
Refinery operator BSR back in the black
Dung Quat Oil Refinery in the central province of Quang Ngai. Photo courtesy of Binh Son Refining and Petrochemical Jsc.
Binh Son Refining and Petrochemical Jsc has turned around after a disastrous 2020 and reported a pre-tax profit of VND1.85 trillion ($80.5 million) for the first quarter.

The operator of the Dung Quat Oil Refinery in central Vietnam said revenues rose 17 percent year-on-year to VND21.05 trillion.

It had reported a loss of nearly VND2 trillion in the first quarter last year.

BSR went through a challenging 2020 as the Covid-19 pandemic pushed down oil prices, sending its revenues and profits plummeting, while a 51-day closure of the refinery caused a fall in output.

In the event it reported a loss of VND2.8 trillion for the full year.

 
 
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