PVX: QII-2011 Operation results explanation

According to the Financial Statement Quarter II/2011, net income of first 6 months of 2011 is VND89,578,600,250 equalling 29.9% year on year (VND299,664,151,013 for first 06 months of 2010). Petro Vietnam Construction JSC (HN: PVX) explained the decrease in operating result in Quarter II/2011 as follows:

- The price of materials went up due to high interest rate and high inflation. Thus, expenses for construction works of the company increased. (Cost of goods sold/Revenue of 2010 is 87% while that of 2011 is 95%)

- Vietnam’s stock market has continuously decreased for first 6 months of 2011. Meanwhile, capital withdrawal of the Company was not carried out as planned, which caused a decrease of 73% in financial revenue year on year.

HNX

>   SDG: QII/2011 Operation results explanation (12/08/2011)

>   SBS: Branch operation shutdown (12/08/2011)

>   RDP: Explanation for business result in QII/2011 (12/08/2011)

>   VNI: The BOD’s resolution of buying back shares (12/08/2011)

>   VNI: The BOD’s resolution of buying back shares (12/08/2011)

>   CMX: Extension of the submission date for QII/2011 financial statements (12/08/2011)

>   CMX: Extension of the submission date for QII/2011 financial statements (12/08/2011)

>   STP: QII/2011 Operation explanation (12/08/2011)

>   RHC: QII/2011 Operation explanation (12/08/2011)

>   VNF: QII/2011 Operation explanation (12/08/2011)