Dung Quat refinery reports $80.4 million profitsThe Dung Quat Oil Refinery earned nearly VND1.8 trillion (US$80.4 million) in after-tax profit in the first quarter of the year, achieving 30 per cent of its annual target. At the end of last year, BSR targeted revenues of VND62.4 trillion in 2017, VND10.1 trillion lower than the previous year. With the increasing trend of oil prices this year, the Dung Quat Oil Refinery’s business results will be positive, Nguyen said, adding that its capacity reached 105 per cent while its energy consumption index dropped significantly. BSR has also implemented an expansion plan of the Dung Quat Oil Refinery Plant. Last year, BSR reported revenues of nearly VND75.2 trillion, a profit of VND5 trillion and a VND12.4 trillion contribution to the State budget.

Source: VietNamNet News March 28, 2017 04:07 UTC