PXI: Explanation for business result in 2014

Petroleum Industrial & Civil Construction Joint Stock Company explained business result in 2014 as follows:

Revenue and profit in 2014 increased 37,6% and 641,85% respectively compared to 2013 because:

-  Operating cost decreased significantly because price of raw material was stable, interest rate went down.

-  Many equipments and machines were fully depreciated but they have been used effectively.

-  Company collected an uncollectible debt, recorded to provision for bad debts, with the amount of VND 11.187.107.308.

HOSE

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