Wednesday, 03/08/2011 10:36

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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