PetroVietnam fertilizer maker PVFCCo., said on Tuesday its gross profit in the first quarter of 2009 fell 10 percent compared to the same period last year to VND377 billion (US$21.19 million) despite a surge in revenues.

PVFCCo, or PetroVietnam Fertilizer and Chemicals Corp., said revenues in the period jumped 97 percent from a year earlier to VND1.98 trillion ($111 million).

The company, Vietnam's top fertilizer maker, said earnings this year could fall 25.5 percent to VND1.08 trillion ($60.7 million) due to higher costs. It did not give details.

Shares in PVFCCo jumped nearly 5 percent on Tuesday to close at VND40,200 each.

Bookmarks

Have not Done!!!!

POST YOUR COMMENT

Name *

E-mail *

City & Country *

Phone Number (optional)

 *  We will not publish your email or full address on our website, or give them to a third party.

 Terms & Conditions

• Central Vietnam set for revival of resort boom
• Garment exporters sew up orders
• Vietnam Airlines to fly direct to Shanghai