PTC: QII/2011 Operation explaination
Post and Telecommunications Investment and Construction JSC (HOSE: PTC) explained the fluctuation over 10% in business result in QII/2011 compared to QII/2010 because of the following reasons:
• The borrowing cost increased sharply because the bank interest rates in the first six months of 2011 continuously increased highly
• To execute works according to the contracts, the Company bought new equipment, so expenses in QII/2011 were higher than in QII/2010
• Besides, because of specific characteristics of construction industry, almost profit and loss are recorded at the end of a year while other expenses are still recorded under regulations.
HOSE
> ICF: Explanation for business result in QII/2011 (12/08/2011)
> SEC: QII/2011 Operation explanation (12/08/2011)
> EID: Board Resolution (10/08/2011)
> S99: QII/2011 Operating explaination (10/08/2011)
> SDH: QII/2011 Operating explaination (10/08/2011)
> SVS: Explanation for the change of over 10% in profit after tax in First 6 months of 2011 (10/08/2011)
> SDP: QII/2011 Operating explaination (10/08/2011)
> ABT: Aquatex Bentre to buy back stock (10/08/2011)
> TBC: Extension time of submitting audited financial statements of 06 months 2011 (10/08/2011)
> VFMVFA: NAV from 28 July 2011 to 04 Aug 2011 (10/08/2011)