PVD: Explanation for business result in Q2.2012

Petrovietnam Drilling and Well Services Joint Stock Company (PV Drilling) explained the fluctuation in business result in Quarter 2/2012:

-         In Quarter 2/2012, Profit after tax of the parent company PV Drilling was VND139.1 billion, decreasing VND127.6 billion (-47.8%) compared to VND266.7 billion in Quarter 2.2011, mainly because the parent company only operated 01 drilling rig in Quarter 2.2012. At the same time, the company implemented to maintain PV drilling rig I in Quarter 2.2012.  

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