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PVF: QII/2011 Business results explantaion
PetroVietnam Finance JSC (HOSE: PVF) (PVFC) has explained the business fluctuation in QII/2011 beside QII/2010 as follows:
By VND
|
Items |
QII/2011 |
QII/2010 |
QII compared with the same period last year |
|
Amount |
% |
|
1. Revenue |
1,922,631,842,190 |
1,562,011,743,229 |
360,620,098,962 |
23.09 |
|
Interest and similar incomes |
1,347,334,446,360 |
876,817,787,582 |
470,516,658,778 |
53.66 |
|
Dealing in foreign currencies |
19,760,635,271 |
6,950,329,229 |
12,810,306,042 |
184.31 |
|
Dealing the trading securities |
12,494,192,419 |
49,186,064,337 |
-36,691,871,918 |
-74.60 |
|
Reversal of provision |
239,172,890,259 |
264,276,626,794 |
-25,103,736,535 |
-9.50 |
|
Incomes from contributing capital, buying shares |
40,862,316,385 |
123,052,320,653 |
-82,190,004,268 |
-66.79 |
|
Dealing from trading term |
111,235,974,383 |
90,810,892,358 |
20,425,082,025 |
-22.49 |
|
Dealing frominvestment trusts specified |
58,038,160,370 |
37,864,797,562 |
20,173,362,808 |
53.28 |
|
Dealing from selling rights sales securities |
76,646,342,085 |
31,424,699,566
|
45,221,642,519 |
143.90 |
|
2. Expenses |
1,887,455,626,066 |
1,295,884,877,804 |
591,570,748,262 |
45.65 |
|
Interest and similar expenses |
1,327,026,180,972 |
828,443,847,569 |
498,582,333,403 |
60.18 |
|
Provision expenses for credit losses |
-12,764,967,390 |
55,479,504,124 |
-68,244,471,514 |
-123.01 |
|
Provision expenses for investment devaluation |
10,315,365,865 |
33,557,759,641 |
-23,242,393,776 |
-69.26 |
|
Provision expenses for other devaluation |
303,716,044,255 |
192,482,930,155 |
111,233,114,100 |
57.79 |
|
Expenses of dealing securities |
118,935,008,139 |
14,659,850,206 |
104,275,157,933 |
711.30 |
|
3. Profit before tax |
35,176,216,125 |
166,126,865,425 |
-230,950,649,300 |
-86.78 |
Business result in Q4/2009 was different from Q3/2009 by some reasons:
- Revenue in QII/2011 increased VND360.6 billion (+23.09%) compared with QII/2010 because:
• Revenue from interest and similar incomes increased VND470.5 billion (+53.66%) beside QII/2010
• Revenue from selling rights sales securities increased VND45.2 billion (+143.9%) compared with QII.2010
• Revenue from investment trusts specified increased VND20 billion (+53.28%) compared with QII.2010
• Incomes from contributing capital, buying shares decreased VND82 billion (-66.79%) compared with QII.2010
Expenses in QII.2011 increased VND591.57 billion (+45.65%) compared with QII.2010:
- Interest and similar expenses increased VND498.5 billion (+60.18%) compared with QII.2010.
- Provision expenses for other devaluation increased VND111.23 billion (+57.79%) compared with QII.2010
- Expenses of dealing securities increased VND104.27 billion (+711.3%) compared with QII.2010 because restructure of portfolios
- Provision expenses for investment devaluation decreased VND68.24 billion (-123.01%) compared with QII.2010.
HOSE
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