PXM: Explanation for consolidated business results in quarter 1/2013

Mientrung Petroleum Construction Joint Stock Company has explained consolidated business results in quarter 1/2013 compared to in quarter 1/2012 as follows:

-         Consolidated loss in Quarter 1/2013: VND25.51 billion

-         Reason:

+        Revenue in Quarter 1/2013 decreased 63.4% compared to the same period of last year.

+        In Quarter 1/2013, economic difficulties, the difficulties of capital investment, some works stopped construction, leading to fix cost as salary, depreciation expenses were not offset. While general and administration expense was VND8.6 billion, increased 79% and financial expense increased 43.6%.

+        Besides, input expense increased as petro, oil, materials, electrical, water, salary….

HOSE

>   SBT: Explanation for business result in Q1.2013 (16/05/2013)

>   DCL: Explanation for consolidated business result in QI/2013 (16/05/2013)

>   HU3: Explanation for business results in quarter 1/2013 of parent company (16/05/2013)

>   HU3: Explanation for consolidated business results in quarter 1/2013 (16/05/2013)

>   VIC: Change in Business Registration Certificate (45th time) (16/05/2013)

>   BVH: Change in Business Registration Certificate (5th time) (16/05/2013)

>   MEC: Financial Statement Quarter 1/2013 (holding company) (16/05/2013)

>   MEC: Financial Statement Quarter 1/2013 (16/05/2013)

>   PVL: Financial Statement Quarter 1/2013 (16/05/2013)

>   SBA: The Record Date for Annual General Meeting 2013 (16/05/2013)