PXS: Explanation for business result in the first 06 months of 2013

Petroleum Equipment Assembly and Metal Structure Joint Stock Company explained the fluctuation in profit in the first 06 months of 2013:

Business result in the first 06 months of 2013:

By: million dongs

	The first 06 months of 2012	The first 06 months of 2013	Difference
Revenue	751,545.48	378,427.91	-49.65%
Profit after tax	60,113.068	15,699.54	-73.88%

-         In the first 06 months of 2012, PXS was contrasting many big projects as: epCI  general contract (manufacture and installation of Topsides H4 at White Rhino Mine); Thang Long Dong Do base manufacturing project… cash flow in the first 06 months of 2012 was good.

-         And now, PXS was contrasting EPCC contract (80% revenue plan for 2013), but investor backed the construction to Quarter 1/2013. Therefore, in Quarter II, 2013 and in the first 06 months of 2013, revenue from EPCC was VND228 billion.

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