Monday, 06/12/2010 17:47

VHC: Explanation for business result in Q3.2010

VinhHoan Corporation (HOSE: VHC) explained the difference in profit between the first nine months of 2010 and the same period of 2009:

                                                                                                                   

 

 

 

                                                                                                                     

 

 

 

 

 

 

 

                                                                                                                  Unit: VND

 

9 months of 2010

9 months of 2009

Difference

Profit after tax of the parent company

154,519,743,351

97,004,391,394

+59.29%

Consolidated profit after tax

169,279,609,397

146,530,942,425

+15.52%

Profit after tax in nine months of 2010 was higher than the same period last year because profit from the exchange rate difference increased and the interest expense decreased, which resulted from the capital restructure after the share offering to strategic partners in late 2009 and early 2010.

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