Announcement

Annoucement on the Reviewed Interim Separate and Consolidated Financial Statement(08/30/2016)

Dear stakeholders, 

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

 

Separate FS

Consolidated FS

6M/2016

6M/2015

% variance

6M/2016

6M/2015

% variance

Revenue

1.208,8

5.146,6

-76,5%

3.352,2

8.253,1

-59,4%

NPAT for sharehoders

41,8

812,2

-94,9%

76,0

1.011,6

-92,5%


Unit: Bil VND

Compared to the same period last year, Holding Company and Consolidated NPAT for the first 6 months of 2016 showed a decline of 94,9% and 92,5% respectively, primarily due to the following reasons:

- The average number of owned rigs operating in the first 6 months of 2016 was 2,3 rigs compared to 4,7 rigs in 6M/2015; rigs’ day rate dropped significantly 35%-40%.
- The average number of hired rigs operating in the first 6 months of 2016 was 0,5 rigs compared to 3,8 rigs in 6M/2015.
- The workload and price of drilling-related services decreased 40%-60%.

Sincerely,

The Reviewed Interim Consolidated Financial Statement: Link
The Reviewed Interim 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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