Announcement

The Separate Financial Statement and Consolidated Financial Statement for Quarter 1/2016(04/29/2016)

PV Drilling would like to release the Separate FS and Consolidated FS for Quarter 1/2016 as well as analyze our business performance
Dear stakeholders, 

PV Drilling would like to release the Separate FS and Consolidated FS for Quarter 1/2016 as well as analyze our business performance as follows:

 

Separate FS

Consolidated FS

Q1/2016

Q1/2015

% variance

Q1/2016

Q1/2015

% variance

Revenue

461,8

2.722,3

-83,0%

1.577,3

4.395,5

-64,1%

NPAT for sharehoders

30,4

415,1

-92,7%

56,2

482,1

-88,4%


Unit: Bil VND

Compared to the same period last year, Holding Company and Consolidated NPAT of Quarter 1/2016 showed a decline of 92,7% and 88,4% respectively, primarily due to the fact that PV Drilling only had 2 owned drilling rigs operating in Quarter 1/2016 and rigs’ day rate decreased approximately 25%. In addition, the workload and price of drilling-related services dropped between 30% to 50%.

The Consolidated Financial Statement: Link
Address: 4th Floor, Sailing Tower No. 111A Pasteur Street, Ben Nghe, District 1, Ho Chi Minh City
Tel: +84-28-39 142 012 (7 lines) - Fax: +84-28-39 142 021 - 39 142 022 - Website :
www.pvdrilling.com.vn 
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