Monday, 16/02/2009 18:25

PVF: Business result in Q4/08

PetroVietnam Finance Joint Stock Corporation (PVFC) has informed of business result in Q4/08 as follows:

Unit: VND

 

Q3/2008

Q4/2008

Sales

1,116,712,295,184

1,581,251,416,226

 In which:

 

 

Trading foreign currencies

5,635,934,895

236,011,866,043

Provision settlement

52,027,726,240

313,261,092,874

Expenses

818,334,377,547

2,032,529,307,115

 In which:

 

 

+ Provision for investment devaluation

- 

1,125,036,601,340

Provision for credit risks

21,256,648,806

398,148,838,210

Profit before tax

298,377,917,637

451,277,890,889

Corporate income tax

- 

45,991,454,793

Profit after tax

298,377,917,637

405,286,436,096

Changes of business result in Q4/08 caused by the following reasons:

1. Sales:

Sales of provision settlement increased VND261,233,366,634 compared to that in Q3/2008.

Sales of trading foreign currencies increased VND230,375,931,148 increased compared to that in Q3/2008.

2. Expenses:

Deducting for the provision of investment devaluation in Q4/08: VND1,125,036,601,340.

Deducting for the provision of credit risks increased VND376,892,189,404 compared to that in Q3/08. 

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