Tuesday, 01/04/2014 15:54

PVD: Explanation for consolidated financial statements in 2013

Petrovietnam Drilling & Well Service Corporationexplainedconsolidated financial statements in 2013as follows:

-  Consolidated profit after tax attributable to parent shareholders in 2013was VND1,883.4 billion, increasing 42.5% compared to 2012 because:

-  The number of jack-up drilling rig in 2013 was 6 while it was 3 in 2012.

-  Price for rent of jack-up drilling rigin 2013 increased by 15%compared to 2012.

-  Other services relevant to drilling have a good growth.

-  Provide successfully bundle service.

-  Financial expenses decreased.

-  Profit from PVD-Baker Hughes Joint Venture.

-  Consolidated profit after taxattributable to parent shareholders after audit increased VND5,509,389,511, equivalent to 0.3%, compared to before audit because PV Drilling adjusted audit entry in 2013.

HOSE

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