PXS: Explanation for business result in Quarter 1. 2014

Petroleum Equipment Assembly and Metal Structure Joint Stock Company explained the fluctuation in profit in Quarter 1. 2014:

                                               By: million dongs

	Quarter 1.2013	Quarter 1.2014	Difference
Revenue	123,774.12	357,203.9	188.59%
Profit before tax	6,879.79	26,706.93	288.19%
Profit after tax	5,073.56	20,802.41	310.02%%

Result business in Quarter 3.2013 was higher than in Quarter 3.2012 because:

In Quarter 1 of 2014, PXS was contrasting many big projects, leading to revenue in Quarter 1.2014 increased 188.59% compared to in Quarter 1.2013.

Interest rate in Quarter 1.2014 decreased, leading to profit increased.

HOSE

>   TDH: Resolution of AGM 2013 (18/04/2014)

>   GSP: Resolution of Annual General Meeting 2014 (18/04/2014)

>   DPM: Resolution of AGM 2014 (18/04/2014)

>   TTC: Notice of the AGM 2014 holding (18/04/2014)

>   TAG: Information on AGM 2014 (18/04/2014)

>   S99: Financial Statement Quarter 1/2014 (holding company) (18/04/2014)

>   QST: Financial Statement Quarter 1/2014 (18/04/2014)

>   BVS: Financial Statement Quarter 1/2014 (18/04/2014)

>   BBS: Financial Statement Quarter 1/2014 (18/04/2014)

>   SFN: Financial Statement Quarter 1/2014 (18/04/2014)