Petrolimex is the leading company with the highest revenue among the “Top 50 enterprises listed on Vietnam stock market in 2017” by Forbes.

Petrolimex Board of Management member Nguyen Thanh Son (centre) attends the Honouring Ceremony and receives the campaign medal 50 best listed companies in 2017. Photo: Petrolimex

Among the “Top 50 enterprises listed on Vietnam stock market in 2017” announced by Forbes during a recent ceremony in Ho Chi Minh City, the Vietnam National Petroleum Group (Petrolimex) ranks the first with highest revenue.

Petrolimex with ticker symbol PLX was officially listed on the HOSE on April 21, 2017 with more than 1.29 billion securities. Right on the first transaction day, PLX ranked among the top 10 securities having the largest market capitalisation on the Vietnam stock exchange.

After over four months, the total market cap of PLX has reached more than VND80,000 billion (equivalent to some US$4 billion).
Besides financial indicators such as revenue, profit, indicators of profitability Return on Equity (ROE), Return on Capital (ROC), Earnings Per Share (EPS) … are ranked by Forbes Vietnam using methods and standards of Forbes Global. Other elements including sustainable development, brand, management level, and development prospects of Petrolimex were also examined and appreciated by Forbes.

Of note, in 2016 Petrolimex earned consolidated net sales of VND123,096 billion ($5.4 billion), and paid a cash dividend of 32%. With such outcome, PLX was honoured the “champion of revenue” in this year’s ranking.

According to investors, Petrolimex currently holds a major market share in the petroleum sector with a retail network of more than 2,400 petrol stations and nearly 3,000 retail outlets across the country.

Petrolimex’s large warehouses are evenly allocated in focus areas, creating an effective distribution system of petroleum for retailers.