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MATERIALS PETROLEUM JOINT STOCK COMPANY

Active

Business ID 0300450673

84-28 / 3830 2222

MATERIALS PETROLEUM JOINT STOCK COMPANY

Active

Business ID 0300450673

84-28 / 3830 2222

MATERIALS PETROLEUM JOINT STOCK COMPANY

Active

Summary

Name:

MATERIALS PETROLEUM JOINT STOCK COMPANY

Business ID (TIN):

0300450673

Date of Registration:

13 Dec 2000

Registered Office:

Ho Chi Minh City Department of Finance

Ticker:

COM

Address:

COMECO Building, No. 549, Dien Bien Phu Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3830 2222

Financial Statement:

2019, 2021, 2022, 2023, 2024

MATERIALS PETROLEUM JOINT STOCK COMPANY, known in Vietnamese as Công ty Cổ phần Vật Tư - Xăng Dầu and commonly referred to by its short name COMECO, is a long-established and reputable enterprise operating in Vietnam’s petroleum distribution and retail sector. Founded on December 13, 2000, the company has been active for over 24 years and is headquartered at the COMECO Building, No. 549 Dien Bien Phu Street, Ward 03, District 3, Ho Chi Minh City. It is a publicly held company with its shares traded under the stock symbol COM on the Ho Chi Minh Stock Exchange.

Legally registered with the business identification number and tax code 0300450673, COMECO is backed by a charter capital of USD 5.8 million, fully paid as of December 31, 2023. The company is managed by an experienced leadership team, with Mr. Phạm Văn Thoại serving as Chairman and Mr. Lê Tấn Thưởng as General Director. Supporting them is Deputy General Director Mr. Nguyễn Chơn Quang. The company currently employs a workforce of 513 people and operates multiple branches across Vietnam, including in Long An, Đồng Nai, and other parts of Ho Chi Minh City.

COMECO’s principal line of business is the trading and retail sale of petroleum products, including gasoline, refined oils, lubricants, and petrochemicals. In addition to its core business, the company has diversified its operations to include a wide array of activities such as inland freight and passenger water transport, automotive sales and maintenance, wholesale and retail of various consumer goods including textiles, electronics, and construction materials, as well as restaurant and accommodation services. This diversification reflects the company’s strategic attempt to broaden its revenue streams and market resilience.

Financially, the company reported total assets of USD 19.92 million in 2024, reflecting a minor decline of 1.11% from the previous year. Owner’s equity stood at USD 17.84 million, which also experienced a slight decrease of 1.12%. Net sales for the fiscal year 2024 totaled USD 168.71 million, down 5.43% from 2023, continuing a downward trend from the USD 197.84 million reported in 2022. Net profit in 2024 was USD 1.1 million, representing a 22% drop compared to the previous year, where the company had seen a sharp profit rebound of over 2,595% from a modest base in 2022. Despite this decline, the firm maintains a positive net worth of approximately USD 13.32 million and a working capital of USD 6.37 million, suggesting a stable financial position even amid fluctuating market conditions.

Ownership of the company is predominantly held by two major state-affiliated entities: PetroVietnam Oil Corporation, holding a 44.79% stake, and Ho Chi Minh City Petroleum Company Limited, with a 39.65% share. The remaining 15.56% is held by other shareholders. This structure underscores COMECO’s strong integration within Vietnam’s state-backed energy framework and reflects the strategic importance of its operations within the national petroleum supply chain.

While the company’s financials show some short-term contractions in both revenue and profit, its diverse business activities, state-linked shareholder support, and extensive experience position it as a reliable and established player in the Vietnamese energy and retail markets. Going forward, stakeholders should watch how COMECO manages its operational costs and explores new growth avenues in a competitive and evolving fuel distribution landscape.

Legal Profile

English Name:

MATERIALS PETROLEUM JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN VẬT TƯ - XĂNG DẦU

Short Name:

COMECO

Business ID (TIN):

0300450673

Date of Registration:

13 Dec 2000

Registered Office:

Ho Chi Minh City Department of Finance

Ticker:

COM

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

LE T.T

Address:

COMECO Building, No. 549, Dien Bien Phu Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3830 2222

Branch:

No. 836, Highway 1A, Ngu Phuc Hamlet, Dong Nai Province, Vietnam

Branch:

No. 28, Kinh Duong Vuong Street, Ho Chi Minh City, Vietnam

Branch:

No. 318, Huong Lo 80 Street, Ho Chi Minh City, Vietnam

Branch:

No. 26, Ho Hoc Lam Street, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4730 Retail sale of automotive fuel in specialized stores

NACE:

47.30 Retail sale of automotive fuel in specialised stores

NAICS:

4471 Gasoline Stations

Industry Sales Growth

CAGR (2019 - 2023)

12.61%

YoY (2023)

-2.44%

Companies by industry

Company distribution and propportions

8,439

0.2903%

Key Industry Players

Top 10 companies in retail sale of automotive fuel in specialized stores industry

mekong petroleum joint stock company materials petroleum joint stock company petrolimex namdinh company limited petrolimex tiengiang co., ltd petrolimex bacthai.co,ltd tin nghia petrol joint - stock company hong duc petrol company limited dong nai building material and fuel joint stock company chau thanh petro co.,ltd petrolimex hue co., ltd.

Payment History

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Financial Performance

Assets	-50.23%
Owner’s Equity	47.07%
Working Capital	11.90%
Net Worth	-32.63%
Sales	-24.15%
Operating income	-94.20%
EBIT	-70.72%
Gross Profit Margin	81.90%
Debt to EBITDA	-50.67%

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Contact and Location

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Shareholders

Business Operation

Assets

Owner's Equity

Sales

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Company Standard Report

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EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

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Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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Legal Profile

Historical Information

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Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

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Industry Information

Key Industry Players

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Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About MATERIALS PETROLEUM JOINT STOCK COMPANY

When did MATERIALS PETROLEUM JSC start operating?

MATERIALS PETROLEUM JSC was started in 13 Dec 2000

What industry does MATERIALS PETROLEUM JSC operate in?

MATERIALS PETROLEUM JSC is operating in "Retail sale of automotive fuel in specialized stores" industry

How can I contact MATERIALS PETROLEUM JSC?

MATERIALS PETROLEUM JSC phone numbers is 84-28 / 3830 2222

What adverse news is there about MATERIALS PETROLEUM JSC?

MATERIALS PETROLEUM JSC’s has 5 bad news

What is stock symbol of MATERIALS PETROLEUM JSC?

MATERIALS PETROLEUM JSC’s stock symbol is COM

Where is the location of MATERIALS PETROLEUM JSC?

MATERIALS PETROLEUM JSC is located at COMECO Building, No. 549, Dien Bien Phu Street, Ho Chi Minh City, Vietnam

What is MATERIALS PETROLEUM JSC’s business registration?

MATERIALS PETROLEUM JSC business registration is 0300450673

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