Thursday, 05/08/2010 17:48

VSH: Explanation for business result in Q2/2010

Vinh Son - Song Hinh Hydropower Joint Stock Company has explained business result in Q2/2010 as follows:

Items (Unit: bill dongs)

2009

2010

Increase/Decrease

Rate %

1. Electricity production

 

 

 

 

- Sales

131.28

132.31

+1.03

+0.78

- Expenses

48.23

19.35

+1.12

+2.32

- Profit

83.05

82.96

-0.09

-0.11

2. Financial activities

 

 

 

 

- Income

34.06

16.38

-17.68

-51.91

- Expenses

1.51

0.93

-0.58

-38.41

- Profit

32.55

15.45

-17.10

-52.53

Financial income in Q2/2010 decreased compared to Q2/2009 because deposit interest rate in 2010 was 11.5%/year, meanwhile it was 17%/year in 2009. Therefore, total profit of the company gained VND98.40 billion, decreasing VND16.9 billion or 14.65% compared to the same period 2009.

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