PETROLIMEX QUANG NGAI COMPANY LIMITED

PETROLIMEX QUANG NGAI COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN XĂNG DẦU QUẢNG NGÃI): Small Assets, Big Revenue, and a Wild Profit Swing

Don’t be fooled by its modest size PETROLIMEX QUANG NGAI COMPANY LIMITED is a regional fuel distributor with a punch far bigger than its weight class. With just over USD 5.1 million in total assets, this company somehow turned over USD 148.34 million in sales in 2023, making it one of the most efficient revenue generators in Vietnam’s petroleum retail and wholesale ecosystem.

Registered under tax code 4300298507, PETROLIMEX QUANG NGAI COMPANY LIMITED operates from 122 Dinh Tien Hoang Street, Nghia Chanh Ward, Quang Ngai City, Quang Ngai Province, and has been in business for over 14 years. A wholly owned subsidiary of the Vietnam National Petroleum Group (Petrolimex), it’s a one-member limited liability company that employs about 300 workers, managed by Chairman Mr. Nguyen H. H. and Director Mr. Phan T. B.

But beneath the big revenue, 2023 tells a volatile story. After suffering an 80% profit plunge in 2022, the company staged a comeback with a 402.2% profit surge last year, earning USD 952,158 in net income. However, it still posted a negative working capital of USD -725,611, raising concerns about its short-term financial stability despite a 50.56% increase in owner’s equity, now standing at USD 2.27 million.

There’s no question that PETROLIMEX QUANG NGAI COMPANY LIMITED runs lean and aggressively. But for stakeholders reviewing Vietnam private financial data or assessing risk, this is a business that’s constantly walking a financial tightrope—high turnover, fluctuating profit, and tight liquidity. That makes it a high-efficiency, high-risk model within the state-linked petroleum trading sector.

In short, PETROLIMEX QUANG NGAI COMPANY LIMITED may be a small local arm of a national giant, but its numbers demand national-level scrutiny.