PIT: Explanation for business result in Q1/08

Petrolimex International Trading Joint Stock Company (PITCO) has explained of business result in Q1/08 as follows:

Profit before tax

Q4/07: VND5,064,240,391

Q1/08: VND13,022,888,839

Profit in Q1/08 increased VND7,958,648,448 or 160.57%

Reasons:

+Expense on business management decreased 74.26%.

+Expenses on sales reduced 42.26%

+Other incomes decreased by VND1.1 billion.

HoSE

>   HAX: Report on trading of major shareholder (16/05/2008)

>   FPT: Resolution of the BOD (16/05/2008)

>   ANV: Explanation for business result in Q1/08 (16/05/2008)

>   Stock market nosedive could be near the end: PXP’s Snowball (16/05/2008)

>   SCC sends perfume to Nigeria, looks at Japan (16/05/2008)

>   VSH: Q1's profits rise sharply (16/05/2008)

>   Low trading volumes hint at market freeze (16/05/2008)

>   Foreigners still banking on Vietnam (16/05/2008)

>   Market falls can’t dash HSBC’s hopes (15/05/2008)

>   Seeking opportunities even when markets slide down (15/05/2008)