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PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY

Active

Business ID 0102734592

84-24 / 3516 1400

PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY

Active

Business ID 0102734592

84-24 / 3516 1400

PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY

Active

Summary

Name:

PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY

Business ID (TIN):

0102734592

Date of Registration:

28 Apr 2008

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

6th Floor, Mipec Building, No. 229, Tay Son Street, Nga Tu So Ward, Dong Da District, Ha Noi City, Vietnam

Phone:

84-24 / 3516 1400

Financial Statement:

2020, 2021, 2022, 2023, 2024

PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN XĂNG DẦU HÀNG KHÔNG PETROLIMEX) is a key supplier in Vietnam’s aviation fuel sector, specializing in the wholesale distribution of liquid fuels for the aviation industry. Established on April 28, 2008, the company operates as a joint stock company with state investment, primarily controlled by VIETNAM NATIONAL PETROLEUM GROUP (holding 59% ownership). Its headquarters are located at Mipec Building, Dong Da District, Hanoi, with major branches at Noi Bai, Da Nang, and Cam Ranh International Airports, ensuring efficient fuel supply nationwide.

Economic Performance and Market Presence

In 2023, PETROLIMEX AVIATION reported total assets of USD 256.47 million, an increase of 4.43% from the previous year. Total sales reached USD 959.47 million, reflecting a 14.78% growth, largely driven by post-pandemic recovery in air travel. However, net profit declined significantly by 75.05% to USD 3.65 million, indicating higher operational costs or tighter profit margins. Owner’s equity also declined by 11.71%, raising concerns about financial sustainability despite revenue growth. The company employs 440 workers, supporting its fuel distribution network and logistics operations.

Key Advantages of PETROLIMEX AVIATION

Strategic Positioning – As a state-backed entity, the company benefits from strong government support and long-term fuel supply contracts with Vietnam’s leading airlines.
Revenue Expansion – The 14.78% increase in sales reflects rising fuel demand in Vietnam’s aviation sector, driven by tourism growth and airline fleet expansions.
Nationwide Distribution Network – The company operates in Vietnam’s major airports, ensuring reliable fuel availability for domestic and international flights.
Diverse Business Activities – Apart from aviation fuel, PETROLIMEX AVIATION engages in freight transport, warehousing, and leasing services, creating additional revenue streams.

Challenges and Market Risks

Declining Profitability – The sharp 75.05% drop in profit suggests rising operational costs or pricing pressures, affecting overall financial stability.
Equity Reduction – The 11.71% decline in owner’s equity raises concerns about financial resilience and future investment capacity.
Market Competition – The Vietnamese aviation fuel sector faces increasing competition from private fuel distributors, impacting market share and pricing power.
Oil Price Volatility – Fluctuations in global oil prices directly affect aviation fuel costs, posing financial risks and requiring strong risk management strategies.

The Importance of Company Reports in Risk Management

Accurate financial reporting and company analysis are critical for investors, suppliers, and industry stakeholders. A detailed company report provides essential insights into financial performance, risks, and market positioning, allowing businesses to make informed decisions and mitigate potential financial exposure.

The Role of VANGUARD BUSINESS INFORMATION (VBI) in Corporate Analysis

VANGUARD BUSINESS INFORMATION (VBI) plays an essential role in corporate risk assessment, providing comprehensive financial insights and market evaluations. Through detailed financial tracking, operational analysis, and industry benchmarking, VBI enables investors, fuel suppliers, and policymakers to make data-driven decisions and minimize investment risks.

Conclusion

PETROLIMEX AVIATION remains a key player in Vietnam’s aviation fuel industry, benefiting from government support and strategic market positioning. However, declining profitability and rising financial risks require careful management and strategic adjustments. For investors, airlines, and fuel suppliers, reports from VBI serve as a critical tool for evaluating financial health, market trends, and long-term investment opportunities in Vietnam’s energy and aviation sectors.

Legal Profile

English Name:

PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN NHIÊN LIỆU BAY PETROLIMEX

Short Name:

PETROLIMEX AVIATION., JSC

Business ID (TIN):

0102734592

Date of Registration:

28 Apr 2008

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Invested by State-Owned Company

Operation Status:

Active

Contacts

Key Decision Makers:

+ PHAM H.T

+ NGUYEN V.H

+ TRAN T.L

+ NGO Q.T

+ NGUYEN M.N

Address:

6th Floor, Mipec Building, No. 229, Tay Son Street, Nga Tu So Ward, Dong Da District, Ha Noi City, Vietnam

Phone:

84-24 / 3516 1400

Branch:

Da Nang International Air Port, Hoa Thuan Tay Ward, Hai Chau District, Da Nang City, Vietnam

Branch:

Noi Bai International Airport, Phu Minh Commune, Soc Son District, Ha Noi City, Vietnam

Branch:

Cam Ranh International Airport, Cam Nghia Ward, Cam Ranh City, Khanh Hoa Province, Vietnam

Branch:

A75/70 Bach Dang (Gate 7), Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam

Branch:

No. 960, Ngo Gia Tu Street, Thanh To Ward, Hai An District, Hai Phong City, Vietnam

Branch:

Lien Khuong International Airport, National Road 20, Lien Nghia Town, Duc Trong District, Lam Dong Province, Vietnam

Business Sector

Key business lines:

VSIC:

4661 Wholesale of solid, liquid and gaseous fuels and related products

NACE:

46.71 Wholesale of solid, liquid and gaseous fuels and related products

Industry Sales Growth

CAGR (2019 - 2023)

7.31%

YoY (2023)

-7.98%

Companies by industry

Company distribution and propportions

22,314

0.7675%

Key Industry Players

Top 10 companies in wholesale of solid, liquid and gaseous fuels and related products industry

vietnam national petroleum group petrovietnam oil corporation vinacomin - coal import export joint stock company dong thap petroleum trading import export joint stock company vietnam air petrol company limited (skypec) thanh le corporation vinacomin - northern coal trading joint stock company (translated name) area 2 petroleum company - one member limited liability company (translated name) region i petroleum company - one member limited liability company petrolimex aviation fuel joint stock company

Payment History

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Financial Performance

Assets	45.76%
Owner’s Equity	28.83%
Working Capital	-43.13%
Net Worth	98.21%
Sales	-98.52%
Operating income	-72.09%
EBIT	40.72%
Gross Profit Margin	82.12%
Debt to EBITDA	11.58%

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Specific Questions About PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY

When did PETROLIMEX AVIATION FUEL JSC start operating?

PETROLIMEX AVIATION FUEL JSC was started in 28 Apr 2008

What industry does PETROLIMEX AVIATION FUEL JSC operate in?

PETROLIMEX AVIATION FUEL JSC is operating in "Wholesale of solid, liquid and gaseous fuels and related products" industry

How can I contact PETROLIMEX AVIATION FUEL JSC?

PETROLIMEX AVIATION FUEL JSC phone numbers is 84-24 / 3516 1400

What adverse news is there about PETROLIMEX AVIATION FUEL JSC?

PETROLIMEX AVIATION FUEL JSC’s has no negative news

What is stock symbol of PETROLIMEX AVIATION FUEL JSC?

PETROLIMEX AVIATION FUEL JSC is not listed company

Where is the location of PETROLIMEX AVIATION FUEL JSC?

PETROLIMEX AVIATION FUEL JSC is located at 6th Floor, Mipec Building, No. 229, Tay Son Street, Nga Tu So Ward, Dong Da District, Ha Noi City, Vietnam

What is PETROLIMEX AVIATION FUEL JSC’s business registration?

PETROLIMEX AVIATION FUEL JSC business registration is 0102734592

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PETROLIMEX AVIATION FUEL JOINT STOCK COMPANY