Compared to the same period last year, Holding Company and Consolidated NPAT of Quarter 4/2017 showed an improvement of 957,6% and 641,8% respectively, primarily due to the following reasons:
- The number of jack-up rigs operating in Q4/2017 increased compared to Q4/2016 (Q4/2017: 3,6 rigs vs 2,1 rigs of Q4/2016);
- PV Drilling continued to conduct comprehensive cost reduction and corporate reorganization;
- In Q4/2017, PV Drilling reverted the 2013, 2014 and 2015 unused Science and Technology Fund as required by laws.
Together with the fact that the oil and gas industry has shown optimistic signals such as oil price rising above 70 USD/barrel as well as regional day rates demonstrating significant improvement, PV Drilling expects to achieve better business performance in upcoming time.
Sincerely.
The Consolidated Financial Statement: Link
The Separate Financial Statement: Link
Petrovietnam Drilling and Well Service JSC published this content on 30 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2018 10:14:08 UTC.
Original documenthttp://www.pvdrilling.com.vn/en-US/Investor-Relations/Publication/Announcement/Announcement/The-Separate-Financial-Statement-and-Consolidated-Financial-Statement-for-Quarter-42017.htm
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