Friday, 31/07/2009 20:10

VSC: Explanation for the business fluctuation in quarter 2/2009

Vietnam Container Shipping Joint Stock Company (VSC: VICONSHIP) has explained 5% fluctuation between quarter 2/2009 and quarter 1/2009 as follows:

Unit: VND

No.

Items

Quarter 1/2009

Quarter 2/2009

+/- Change

(%) Change

1

Net revenue

86,598,322,900

116,746,725,497

30,148,402,597

34.81%

2

Profit before tax

26,994,162,372

48,993,301,637

21,999,139,265

81.50%

The business activities were better in quarter 2/2009. Production of transportation, loading, warehouses, etc.… was higher than quarter 1/2009. Especially production of frozen cargo containers at Green port increased sharply more than quarter 1/2009.

Therefore, net revenue increased by VND30,148,402,597 (34.81%) and profit before tax increased by VND21,999,139,265 (81.5%) compared with quarter 1/2009.

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