Vietnam: PTSC Discuss Firm Development on Shareholders’ Conference

Recently PetroVietNam Technical Services Corporation (PTSC) organized Annual Shareholders’ Conference 2012 in Caravell Hotel, HoChi Minh City. PTSC had the honour of attendance of representatives from PetroVietNam’s leadership, esteemed partners and clients, especially the attendance of 312 representatives of 246.144.867 stocks (reaching 82,67%).

In 2011, despite of Vietnam’s economic difficulties as well as domestic enterprises’ challenges in general and PTSC in particular, with the role of being a leading technical services corporation and under the leaders’ drastic management, PTSC has promoted every resource to overall implement diversified solutions to overcome difficulties with the great support from national and international partners and clients.

PTSC has successfully exceeded the 2011’s business planning target with the achievement of total consolidated turnover reached 29.188 billion VND, equivalent to 139%, exceeding 66% compared with the year 2010; Profit before tax reached 1.833 billion VND, increasing 99% of the year planning and 62% compared with the year 2012.

Besides that, taking advantage of PVN’s subsidiary, PTSC constantly receives great support and direct from PVN in every business task. PTSC constantly sets the target to further improve competitive ability, uphold internal force, prior use internal and national services to obtain favorable conditions, opportunities to maintain and strongly develop business activities.

Mr. Phan Dinh Duc – member of PVN Board of Directors highly appreciated PTSC business achievement in 2012, he also hoped that PTSC is keeping development and accomplishing business planning target approved in shareholders’ conference 2012.

Giving summarized speech, Mr. Thai Quoc Hiep, Chairman of PTSC’s Board of Directors, committed that PTSC’s leaders and staffs will maintain to uphold present advantages of being a leading corporation in technical services in Viet Nam, continuing accomplish business planning target entrusted by PVN and approved in such shareholders’ conference.

All of the reports, statements and business planning target of 25.000 billion VND set by PTSC’s Board of Management in 2012 approved by 94,7%) at the conference. PTSC is keeping stable turnover growth; profit after tax reaches 750 billion VND. Concentrating all of the resources, developing skilled and experienced manpower to successfully perform main-point projects such as: completing and handing over the project of MOPU 90 m and new building the second MOPU and the Tender Barge; EPC projects: Long Phu Power Plant… ensuring the quality and project schedule to contribute together with PVN to complete the political duty entrusted by Viet Nam Government.

Subsea World News Staff , April 25, 2012;  Image: PTSC