PVX: Explanation for the consolidated FS of QIII.2013

On 13/11/2013, Petro Vietnam Construction Joint Stock Corporation explained for the consolidated FS of QIII.2013 as follows:

Difference:

- The consolidated profit after tax of QIII.2013 decreased by VND 102.38 billion in comparison with that of QIII.2012

- The accumulated consolidated profit after tax of 09 months of 2013 decreased by VND 925.75 billion in comparison with that of 2012

Explanation:

- PVC (Holding Company) continued making provisions for overdue payables, financial investments and overdue guaranteed loans to reduce the financial risk. The subsidiaries continue losing money because the construction market and real estate market met many difficulties.

HNX

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