PXM: Explanation for business results of 6 months of 2012

Petrovietnam Drilling and Well Services Joint Stock Company has explained for business results of 6 months after review of 2012 as follows:

• Revenue in the first 6 months of 2012: VND80,594,826,716
• Revenue in the first 6 months of 2011: VND241,245,381,699
• Profit in the first 6 months of 2012: -VND28,863,684,746
• Profit in the first 6 months of 2011: VND2,419,081,249
• Profit of Petrovietnam Drilling and Well Services Joint Stock Company on Financial Statement of 6 months after review of 2012 decreased over 10% compared to the same period of last year because of economic difficulties, the difficulties of capital investment, some works stopped construction leading to revenue in the first 6 months of 2012 decreased 66% compared to the same period of last year. Besides, interest expenses and general and administration expenses went up.

HOSE

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