Wednesday, 09/03/2011 17:58

DVP: Explanation for business result in Q4/2010

Dinh Vu Port Investment & Development Joint Stock Company (HOSE: DVP) explained the difference in business result between Quarter 4/2010 and Quarter 4/2009:

• Quantity of goods through the port in Quarter 4/2010 increased by 19.79% from Quarter 4/2009 (Quarter 4/2010: 1,134,869.5 tons; Quarter 4/2009: 947,410.42 tons).

• Goods thought the port are mainly imported goods, so revenue of Dinh Vu Port is mainly in USD. Because the average inter-bank exchange rate of USD of the State Bank of Vietnam in Quarter 4/2010 was higher than in Quarter 4/2009, and profit from financial activities was up 40.57% compared to Quarter 4/2009 (Quarter 4/2010: VND8,502,556,938; Quarter 4/2009: 6,048,451,599).

Revenue in Quarter 4/2010 increased and made profit after tax in Quarter 4/2010 increase by 30.63% compared to Quarter 4/2009.

HOSE

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