Announcement

The Separate Financial Statement and Consolidated Financial Statement for Quarter 3/2016(10/28/2016)

Dear stakeholders, 

PV Drilling would like to release the Separate FS and Consolidated FS for Quarter 3/2016 as well as analyze our business
performance as follows:

 

Separate FS

Consolidated FS

Q3/2016

Q3/2015

% variance

Q3/2016

Q3/2015

% variance

Revenue

519,6

2.310,6

-77,5%

1.189,3

3.679,4

-67,7%

NPAT for sharehoders

11,0

541,5

-98,0%

9,9

559,3

-98,2%


Unit: Bil VND

Compared to the same period last year, Holding Company and Consolidated NPAT of Quarter 3/2016 showed a decline of 98,0% and 98,2% respectively, primarily due to the following reasons:
- Rigs’ operating efficiency achieved only 62%; rigs’ day rate reduced significantly 55%-60%.
- There were no hired rigs working in Q3/2016 compared to 3,5 rigs of the same period last year.
- The workload and price of drilling-related services dropped about 40%-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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