PETROVIETNAM DRILLING AND WELL SERVICES CORPORATION 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,
Petrovietnam Drilling and Well Services JSC published this content on 29 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 July 2016 08:52:01 UTC.
Original documenthttp://www.pvdrilling.com.vn/en-US/Investor-Relations/Publication/Announcement/Announcement/The-Separate-Financial-Statement-and-Consolidated-Financial-Statement-for-Quarter-22016.htm
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