Shinpetrol releases Q1 report

Thursday, May 8, 2008
The Vinashin Petroleum Investment and Transport Joint Stock Co (Shinpetrol), a subsidiary of the Vietnam Shipbuilding Industry Group, recently reported that ending the first quarter of 2008, the company reached total asset of over 2.427 trillion dong, 262.291 billion dong in revenue from sales and service provision, nearly 84.251 billion dong in combine profit, more than 3.282 billion dong in revenue from financial activities.
Also Shinpetrol gained 66.092 billion dong in business profit, total pre-tax profit of over 62.495 billion dong with CIT of 6.061 billion dong, leading the total after-tax profit of 56.433 billion dong, and EPS of 4,089 dong.
Additionally, in Jan-March, the company spent 14.317 billion dong on financial cost, 1.432 billion dong on sale cost, 5.691 billion dong on corporate administration cost and 37.952 billion dong on other costs.