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PPE: Explanation for the share alert
On 21/03/2014,
PetroVietnam Power Engineering Consulting Joint Stock Company announced
explanation for the share alert as follows:
2012 was the
difficult period for enterprises providing professional consulting service such
as PetroVietnam Power Engineering Consulting Joint Stock Company. Difficulty of
capital made investors limit implementation of new projects and existing
projects were lengthened, which directly affected production, business
operation of the Company.
On 31/12/2012,
undistributed profit after tax was VND -4,320,155,098. In 2013, the Company
attempted to implement policies to save production expense and administration
expense; revenue in 2013 was VND 12,913,656,767, profit in 2013 reached VND
102,222,300.
Although profit in
2013 could not offset accumulated loss from previous years, this was still the
premise for development in following years. In 2014, the Company adjusted
strategy to expand production-business lines to adapt with the market and
strategic orientation of PVPower and PVN; and continued find works, implemented
policies to save expenses to offset accumulated loss from previous years,
preserve and develop equity. HNX
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