Business Performance
Report on the business performance
Despite facing many difficulties and challenges, the Parent Company and member units of the Group have made great efforts to actively respond to the outbreak of the pandemic, develop appropriate, drastic and flexible business solutions to end 2022 with outstanding production and business performance, meet and exceed the 2022 important targets.
VND
Consolidated revenue for the year 2022
VND
Consolidated profit before tax
m3/ton
Consolidated petroleum output
Kết quả hoạt động
sản xuất kinh doanh
Evaluation on business operation
2022 is considered to be an extremely difficult and challenging year for the Group and member units when it is negatively affected by many objective and force majeure factors, leading to results and overall efficiency not being as expected. However, with the correct orientation and management of the Board of Directors, the drastic management of the Board of General Directors and the determination, consensus and efforts of the entire system from the Parent Company of the Group to member units with many solutions implemented synchronously and flexibly, which have helped the Group to ensure its leading role in stabilizing the petroleum market, ensuring national energy security, especially in stressful times in terms of supply in 2022.
Results of main operating segments
Petroleum output
m3/ton
Domestic consumption reached
m3/ton
In-land Transportation
Transportation output
m3/km
Revenue
VND
Profit before tax
VND
Transportation output
m3
Profit before tax
VND
Lĩnh vực hoá dầu 1
Total output
tons
Net revenue
VND
Profit before tax
VND
Total output
liters
Profit before tax
VND
Total sale volume
tons
Net revenue
VND
Profit before tax
VND
Total sale volume
m3
Profit before tax
VND
Lĩnh vực tải bộ
Revenue
VND
Profit before tax
VND
Revenue
VND
Profit before tax
VND
Terminal rental output
m3
Revenue
VND
Profit before tax
VND
Revenue
VND
Profit before tax
VND
Improvements in organizational structure
management policies
Organizational structure, management - operation policies
In 2022, the Group has continuously strengthened application of information technology in management and operation activities: maximizing exploiting efficiency of information resource, making use of SAP-ERP, EGAS system to generate information and analyze data serving administration and management activities; implementing smart business intelligence reporting (BI) on the entire system, digitalizing order management system to control and monitor; strengthening online meetings, conferences and training programs, etc.
Risk management measures to improve operational efficiency
In early 2022, the Board of General Directors directed to conduct a review of the Group’s risk portfolio in order to identify, evaluate and focus on effective control of the Group’s significant risks. The internal control system is also regularly reviewed and thoroughly evaluated to ensure effective prevention and treatment of identified risks.
IT Applications
Petrolimex has achieved remarkable achievements in digitalization and IT application such as: enterprise resource management system ERP - SAP, electronic invoice system, non-cash payment, E-gas petroleum retail management system, e-office electronic document management system, deploying Microsoft Teams online meeting software, etc
Investment Activities
The Group has invested in new development projects to put into operation 47 petroleum stations, reaching 72% of the target, in renovating and upgrading 204 stations and in deploying new brand identity application at 307 petroleum stations. Besides, the Group has also invested in terminals, tanks, pipelines projects and completed 04 head offices projects at the Group's member units.
In 2023, the Board of General Directors pledges to continue focusing on retailing, the largest source of income to the business, taking leverage from brand advantage and a nationwide network. Therefore, the domestic petroleum segment in 2023 will focus on repairing and developing new petroleum stations. Besides, the Group also plans to invest in terminals, tanks, pipelines projects and head offices of the Group's member units.