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By the end of the first quarter, PVP had achieved 25% of its revenue target and 35% of its profit plan. Pacific Oil & Gas Transportation Joint Stock Company (ticker: PVP) reported its Q1 2026 financial results, with net revenue of VND 645 billion, up 53% year-on-year. Gross profit reached VND 99 billion, up about 47% from Q1 2025. The gross margin narrowed from 16% to 15% in Q1. Additionally, financial income amounted to VND 21 billion, up 72%. Administrative expenses rose to VND 11 billion. As a result, PVP posted pre-tax profit of VND 94 billion and net profit after tax of VND 76 billion, up 81% and 87% respectively versus the same period last year. In 2026, management set a target total revenue of VND 2,700 billion and net profit after tax of VND 216 billion. Thus, by the end of Q1, PVP had completed 25% of its revenue target and 35% of its profit plan. In a related development, the Board of Directors approved extending the time to hold the 2026 AGM to no later than June 30 to finalize the meeting documents. According to the website, Pacific Oil & Gas Transportation Joint Stock Company (Pacific) is a subsidiary of PVTrans, established and officially operating since January 28, 2008. The company operates in transporting crude oil, petroleum products and other liquids; manages and operates ships; charters and leases ships; trades and provides related maritime transport services. Currently Pacific is the unit that manages and operates the largest crude-oil tanker fleet in Vietnam, providing 100% of domestic crude-oil transport market share and owning several large crude-oil tankers serving international routes. On the market, PVP shares hit the ceiling on April 21, closing at VND 16,700 per share, with liquidity of over 1.5 million units. This was the highest price for the ticker in roughly the last 1.5 months.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
