Wednesday, 27/07/2011 17:49

TMP: Explanation for business difference in quarter 2/2011

Thac Mo Hydro Power JSC (HOSE: TMH) has explained profit decreased over 10% in quarter 2/2011 beside quarter 2/2010 as follows:

No.

Items

Quarter 2/2010

Quarter 2/2011

+/- Change

% Change

Reasons

 

(1)

(2)

(3)

(4)=(3)-(2)

(5)=(4)/(2)

(6)

1

Electricity production (million kwh)

119.83

78.04

(41.79)

(34.87%)

The water level at Thac Mo Lake was low because of small rainfall

2

Revenue from electricity

56974

29331

(27643)

(48.51%)

Decreasing production made the revenue decrease

3

Profit before tax

1422

(48766)

     

hose

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