Viet Nam National Petroleum Group explained the business result in Quarter 1/2021 as follows:
Content
Q1/2021
Q1/2020
Difference
A
1
2
3=1-2
Profit after tax
Separate financial statement
363,167,271,298
-2,315,707,963,965
2,678,875,235,263
Consolidated financial statements
736,214,873,615
-1,813,156,088,927
2,549,370,962,542
Based on the separate and consolidated financial statements, the profit after in Quarter 1/2021 was profitable compared to Quarter 1/2020 because the Covid-19 epidemic was under control, and the world oil price (WTI) tended to increase steadily from 47.62 USD/barrel at the beginning of the quarter to 59.16 USD/barrel at the end of the quarter (equivalent to an increase of 20%), so the petroleum activities are profitable.