May, 2017: DMC reached the revenue of 259 billion VND – 130% of the plan

At present, the situation of oil market has gradually changed. Partners has increased the number of wells for exploration and exploitation, so the amount of works in drilling fluids service area has gained compared with the last months. It is estimated that the revenue of this are will be much better in the next months, which will create the momentum of growth for DMC’s business activity. In May 2017, the chemical business area with the highest increasing rate of revenue was drilling fluids area. The revenue of this area reached 12.6 billion VND accounting for 140% of the month’s plan and created 1.07 billion VND of profit. Besides, the business of petrochemical products such as PP, sulfur has also been effective, in which PP reached about 110 billion VND accounting for 294% of the plan and created 264 million VND of profit.

It is expected that in the next month, DMC’s business and manufacturing activities will be continuingly enhanced when business contracts of PP, Barite, Sulfur signed with partners will be implemented. Contracts of supplying services for drilling wells with partners such as VSP, Hoang Long JOC, Thang Long JOC and Murphy to name a few having being implemented will bring back huge revenue for DMC.
 

In addition with appreciating positive results, in the past briefings, DMC’s Managing Board continued to offer a range of certain solutions and plans for each operation field in order to improve more the effectiveness of business and manufacturing activities in the whole company towards the completion of all planned targets.