PLC is a subsidiary of Petrolimex (HOSE: PLX), Vietnam’s leading petroleum distributor. By segment, lubricants, asphalt, and chemicals & solvents contributed 52%, 27% and 20% of 2019 gross profits, respectively.NPAT declined by 7% in H1 2020 YoY primarily due to a sharp drop in chemicals revenue and profit as a result of the economic disruption from COVID-19 — partly offset by a pick-up in the asphalt segment as public expenditure on transport infrastructure increased.