Announcement

The Separate Financial Statement and Consolidated Financial Statement for Quarter 3/2017(10/30/2017)

Dear stakeholders,

PV Drilling would like to release the Separate FS and Consolidated FS for Quarter 3/2017 as well as analyze our business performance as follows:


 

Seperate FS

Consolidated FS

Q3/2017

Q3/2016

% variance

Q3/2017

Q3/2016

% variance

Revenue

791,0

519,6

52,2%

1.265,1

1.189,3
6,4%

NPAT for sharehoders

39,6

11,0

260,0%

25,3

9,9

155,6%

Unit: Bil VND

Compared to the same period last year, Holding Company and Consolidated NPAT of Quarter 3/2017 showed an improvement of 260,0% and 155,6% respectively, primarily due to the following reasons:

-   The number of jack-up rigs operating in Q3/2017 increased compared to Q3/2016 (Q3/2017: 3,8 rigs vs 2,0 rigs of Q3/2016);
-   PV Drilling continued to successfully conduct comprehensive cost reduction and keep budget under control;
-   In Q3/2017, PV Drilling reverted the 2012 unused Science and Technology Fund as required by laws.

Together with the fact that the oil and gas industry has shown optimistic signals such as oil price rising above 60 USD/barrel as well as regional day rates demonstrating significant improvement, PV Drilling expects to achieve better business performance in upcoming time.

Sincerely.

 
The Consolidated Financial Statement: Link
The Separate 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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