PTB: Explanation for business result in QII/2011
Phu Tai JSC (HOSE: PTB) explained the increased in the consolidated profit after tax in Quarter II/2011 compared to Quarter II/2010:
PTB’s consolidated profit after tax in Quarter II/2011 increased 48% from Quarter II/2010 because the following reasons:
• Total revenue rose 15% from the same period of last year, especially operating revenue increased 48%. Besides, some orders were executed at high prices, so gross profit went up more sharply than normal
• The Company strengthened norms of materials, labor in ashlar paving stone production, and made productivity rise and operating expenses decrease obviously
• Some orders of ashlar paving stones with big values were executed in the period because the Company used white stones exploited by the Company with low costs.
HOSE
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