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Binh Son Refinery posts $616M profit in 2022

By Anh Minh   January 24, 2023 | 07:27 pm PT
Binh Son Refinery posts $616M profit in 2022
Dung Quat Oil Refinery in Quang Ngai Province in central Vietnam. Photo by Petrovietnam
Binh Son Refining and Petrochemical, which accounts for one third of fuel supply in Vietnam, reported a net profit of nearly VND14.5 trillion (US$616.2 million) last year, up 115% from the previous year.

In a financial statement, the company, which operates the Dung Quat Oil Refinery in the central province of Quang Ngai, said it earned a net revenue of VND167.123 trillion in 2022, up 65% year-on-year.

By the end of December, Dung Quat Oil Refinery’s total assets were VND77.796 trillion, up 16.5% from the beginning of the year.

The refinery has been operating at 110% of its capacity during the Lunar New Year holidays to meet the demand for transportation.

 
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