PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC, HOSE: DCM) has just announced impressive business results in the first 2 months of 2020 with urea output reaching 157,000 tons, exceeding 17% of the 2-month plan. completing 20% of the year plan; profit reached 34.73 billion, fulfilling 69% of the year plan.
According to PVCFC, although consumption and revenue targets are expected to be lower in the first 2 months of the year than the plan, the profit is still 34.73 billion dong due to high production output. In the condition of unstable gas supply due to incidents, Ca Mau Fertilizer Plant maintains stable, continuous and safe operation with an average capacity of 110%. In addition, the costs incurred were not much and the exchange rate went sideways, leading to low cost of capital in the period.
PVCFC's Board of Directors together with more than 900 employees will be determined to overcome difficulties and challenges, seize opportunities to develop in both scale, quality and efficiency; worthy of the trust and expectation of the authorities, shareholders, investors, agents, partners and millions of farmers; step by step realize PVCFC's strategic goal of becoming a leading enterprise in Vietnam and the region in the field of chemical fertilizer trading for agriculture – oil and gas industry.