PTSC’s Q3 Profit Surges 140% on Currency Exchange Gains

PetroVietnam Technical Services Corporation (PTSC, HOSE: PVS) has released its Q3/2025 consolidated financial report, revealing a remarkable surge in revenue. The company achieved a net revenue of VND 9.63 trillion, doubling its performance compared to the same period last year. Additionally, PTSC recorded a net profit of VND 324 billion, marking a significant 140% increase. However, this profit growth was not driven by core business operations.

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In Q3, PTSC’s gross profit reached VND 323 billion, a slight 3% decrease year-over-year, despite a significant surge in revenue. Operating expenses rose sharply by 44%, totaling nearly VND 321 billion.

Net profit for the quarter saw a substantial increase, primarily driven by higher financial revenue and a notable reduction in financial expenses. These fluctuations are attributed to foreign exchange rate differentials.

Financial Activities Revenue and Expenses at PVS
Unit: Billion VND

Source: Consolidated Financial Statements of PVS

For the first nine months of the year, PTSC recorded a consolidated net revenue of nearly VND 23 trillion and post-tax profit of VND 950 billion, surpassing the annual targets by 2% and 22%, respectively.

On the stock market, PVS shares have underperformed compared to the overall market this year. As of the close on October 27th, the stock price declined by 8.8%, while the VN-Index rose by 30.5%.

Thừa Vân

– 10:58 28/10/2025

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