Announcement

The Separate Financial Statement and Consolidated Financial Statement for Quarter 2/2016(07/29/2016)

Dear stakeholders, 

PV Drilling would like to release the Separate FS and Consolidated FS for Quarter 2/2016 as well as analyze our business performance as follows:

 

Separate FS

Consolidated FS

Q2/2016

Q2/2015

% variance

Q2/2016

Q2/2015

% variance

Revenue

747,3

2.402,6

-68,9%

1.775,8

3.822,6

-53,5%

NPAT for sharehoders

11,3

393,9

-97,1%

19,9

525,5

-96,2%

Unit: Bil VND

Compared to the same period last year, Holding Company and Consolidated NPAT of Quarter 2/2016 showed a decline of 97,1% and 96,2% respectively, primarily due to the fact that PV Drilling only had on average 2,7 owned drilling rigs operating in Quarter 2/2016 compared to 5 rigs operating in the same period last year and rigs’ day rate decreased approximately 35-40%. In addition, the number of hired rigs operating in Quarter 2/2016 reduced to only 1 rig compared to 3 rigs in the same period last year;  the workload and price of drilling-related services also dropped between 40% to 60%.

Sincerely,

The Consolidated Financial Statement: Link
The Seperate 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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