Refinery operator Binh Son reports nearly six-fold surge in profits

Revenues were up 1.9 times to VND52.4 trillion.

The company attributed the jump in earnings to the surging prices of crude oil.

Crude oil prices had risen to $123.7 per barrel at the end of last month, a 40 percent rise for the year.

First half revenues rose by nearly 80 percent to VND87.05 trillion.

The company is seeking permission for a $1.2-billion upgrade of Dung Quat, situated in the central province of Quang Ngai, to increase its capacity by 16.9 percent to 7.6 million tons a year.