TIC: Explanation for business results in quarter 2/2011
Tay Nguyen Electricity Investment Joint Stock Company (HOSE: TIC) has explained business result in quarter 2/2011 beside quarter 2/2010 as follows:
• Profit after tax in quarter 2/2011: VND2,258,444,408
• Profit after tax in quarter 2/2010: VND1,933,153,635
• Increased: 16.82% (VND325,290)
• Profit after tax increased main to revenue from finance activities, the situation of hydropower production advantage in the first 06 months of 2011 to profit from join venture of the hydropower plants increased over the last year. Moreover, in quarter 2/2011 equity capital interest in 2010 of Chu Prong Rubber Company was VND241,482,316.
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