GMD: Explanation for business result in 6 months of 2011
Gemadept Corporation (HOSE: GMD) explained the fluctuation in business result in the first six months of 2011 compared to the same period of last year:
- In the first six months of 2011, the parent company had a negative profit.
- The consolidated profit in the first six months of 2011:
Content |
First 6 months of 2011 |
First 6 months of 2010 |
Consolidated profit before tax |
21,132,128,946 |
101,210,068,368 |
- Profit in the first six months of 2011 decreased because in the period the parent company made a provision for financial investments worth VND70,770,862,995
- Besides, the cost of borrowing was VND34,958,329,861 higher than the same period of last year.
HOSE
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