Binh Son refinery Q2 net profit soars to $424 MM
7/26/2022 3:09:08 PM
(Reuters) - Vietnam's Binh Son Refining and Petrochemical recorded net profit of $424 MM in the second quarter, up by nearly six times from a year earlier, the company said on Tuesday.
Binh Son, which owns a 130,000-bpd refinery in central Vietnam, said in a statement the recent surge in domestic fuel prices was behind its profit jump. It also said it had been operating above capacity this year to meet domestic fuel demand amid a an output cut in Vietnam's other refinery.
(Reporting by Khanh Vu; Editing by Martin Petty)
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