PVMachino’s business situation
With the huge advantage of owning venture capital assets and real estate in the ecosystem that can reach several trillion dong, PVMachino’s business situation is more prosperous.
PVMachino – Petroleum Machinery and Equipment Joint Stock Company announced its financial report for the fourth quarter of 2021 with a huge profit of 55 billion dong. This is the highest income since 2012
According to a source surveying the financial statements on December 31, 2021, the company has a short-term investment of 131.3 billion dong, 65.4 billion in cash. Of which, 108 billion dong of investment is coming to maturity and 25 billion of trading securities appear.
Profits from revenues
In 2021, PVMachino announced a number of new receivables, including: Hanoi General Investment Joint Stock Company with VND 32.8 billion, Satavina Chemical Joint Stock Company with VND 49 billion, and Nam Binh Phat Import-Export Joint Stock Company with VND 33.7 billion and Thuan Phat Hai Duong Company Limited with VND 23.9 billion.
Long-term financial investments remained unchanged at VND184.9 billion and provisions for receivables increased compared to previous years.
In the fourth quarter of 2021, PVMachino company achieved a revenue of 377.2 billion VND, an increase of 93% compared to the fourth quarter of 2020. At the same time, financial income increased by 26% over the same period of 6.8 billion VND. However, selling expenses decreased by 13% to VND 12.6 billion compared to the previous period.
Accumulated profit in each field
For the whole year of 2021, PVMachino machine oil joint stock company has achieved a revenue of VND 840 billion (a 33.8% donation compared to 2020). At the same time, financial income was VND 71.9 billion, a decrease of 24% compared to 2020. Selling expenses also increased by 6.4% over the same period last year to VND 37.3 billion. In addition, administrative expenses decreased by 35% compared to 2020 with 31.4 billion VND. In summary, consolidated profit after tax reached VND 55 billion, an increase of 8.9% compared to 2020 and the highest profit level since 2012 until now.
Recent projects involved
PVMachino Company is one of the potential and prestigious partners through key business activities: machinery and equipment, technical services, trading in commercial goods…
As one of the leading companies in activities in such fields as: operating and supplying equipment and materials for domestic and foreign companies in the oil and gas field. Replacement of spare parts, processing for repair work. Supply of raw materials for agricultural, forestry and service production, labor export.
In addition, PVMachino is also a large supplier specializing in wholesale and retail distribution of construction materials for projects and projects. At the same time, the company also provides equipment and spare parts for hydro and thermal power plants.
PVMachino’s successful projects include:
Construction project of fueling system for Tan Son Nhat airport
Thai Binh low pressure gas project
Traffic sign project Hai Phong – Hanoi toll station
Project of pre-clinical practice center of Thai Binh University of Medicine and Pharmacy
All of the above projects have contributed to the initial success of PVMachino in its field of operation. At the same time, the company also affirms itself as a potential unit worthy of competing with large companies and enterprises in the international market.
Strong system of subsidiaries and affiliates
PVMachino has many systems of subsidiaries distributed from the North to the South, showing the leading growth, quality and prestige in Vietnam:
- Saigon Oil and Gas Equipment One Member Co., Ltd
- Da Nang Petroleum Machinery – Equipment Joint Stock Company
- Northern Vietnam Oil and Gas Machinery and Equipment Joint Stock Company
According to the group of subsidiaries, the company associated with PVMachino has shown the influence, scale and stature of the company.
Most of the company’s joint venture partners are leading Japanese enterprises in the field of machinery manufacturing such as FCC, Asia Honda Motor, Nippon Seiki, Itochu Corporation…
Moreover, PVMachino is a manufacturer specializing in auto parts, motorcycles, specialized vehicles and other machines: BMW, Honda, Harley Davidson….
With the goal of constantly developing and trying, PVMachino’s team is always trying to find great cooperation opportunities in the domestic and international markets.
It is expected that in the next 5 years, PVMachino will be one of the 3 largest companies in the country providing package services for thermal and hydroelectric power plants as well as supplying materials and equipment for large capital projects. foreign investment in Vietnam.
The main services that PVMachino is performing are as follows:
- Anti-wear service
- Scaffolding rental service
- Factory premises
- Import and export
These are core services at the company, which are currently being improved to be more suitable for today’s developed market economy. At the same time bring the best experience for customers when using.
PVMachino is always proud to be a potential unit with quality services ready to serve customers. At the same time, always ready to listen, receive and answer questions from users.