Announcement

Annoucement on the 2017 Reviewed Interim Separate and Consolidated Financial Statement(08/30/2017)

Dear stakeholders,

PV Drilling would like to release the 2017 Reviewed Interim Separate and Consolidated Financial Statement as well as analyze our business performance as follows:


 

Seperate FS

Consolidated FS

6M/2017

6M/2016

% variance

6M/2017

6M/2016

% variance

Revenue

968,1

1.208,8

-19,9%

1.448,3

3.352,2

-56,8%

NPAT for sharehoders

-188,4

41,8

-550,7%

-252,7

76,0

-432,5%

Unit: Bil VND

Compared to the same period last year, Holding Company and Consolidated NPAT for the first 6 months of 2017 showed a decline of 550,7%  and 432,5%  respectively, primarily due to the following reasons:

- Rigs’ day rate in 6M/2017 reduced significantly 40%-45% in comparison to 6M/2016; however, the average number of Jack-up rigs operating in the first 6 months of 2017 was 2,1 rigs compared to 1,3 rigs in 6M/2016;
- There were no hired rigs working in 6M/2017 compared to 0,5 rig operating in 6M/2016;
- PV DRILLING V rig has not operated in 6M/2017;
- The workload and price of drilling-related services dropped about 30%-40% in 6M/2017 compared to the same period last year;

Sincerely.


The Consolidated Financial Statement: Link
The Separate Financial Statement: Link
Other News
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