VnExpress News The News Gateway of Vietnam
Binh Son Refining and Petrochemical, which operates the Dung Quat Oil Refinery, said profits rose 5.9-fold year-on-year in the second quarter to VND9.91 trillion (US$424 million).
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.
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