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VTO: Explanation for business result in Q2/2010
Viet Nam Tanker Joint Stock Company (Vitaco) has explained business result in Q2/2010 as follows:
|
Items (Unit: VND) |
Q2/2009 |
Q2/2010 |
Difference |
Comparison (%) |
|
Net sales |
290,774,394,117 |
320,365,351,229 |
29,590,957,112 |
10.18 |
|
After-tax profit |
9,221,919,432 |
15,439,092,247 |
6,217,172,815 |
64.42 |
• Shipping sales in Q2/2010 increased compared to Q2/2009 because Vitaco had good preparation for exploitation and suitable arrangement of shipping routes. The company signed term contracts of 4 ships for charter (Increasing 1 ship compared to the same period 2009). In addition, the company ensured the maximum operation time of good ships and increase of shipping time.
• Decrease of expenses in Q2/2010 such as fuel, maintenance, equipment. Loan expenses rapidly declined compared to the time of 30th June 2009.
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