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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