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SVS: Explanation for the change of over 10% in profit after tax in First 6 months of 2011
According to the Financial Statement of Viet Star Securities Corporation (HNX: SVS), the operating result in First 6 months of 2011 of the company as follows:
|
Items |
First 6 months of 2011 |
First 6 months of 2010 |
Differences |
% |
|
(1) |
(2) |
(3) |
(4)=(2)-(3) |
(5)=(4)/(3) |
|
1. Revenues: |
8,985,062,078 |
28,289,797,216 |
-19,304,735,138 |
-68.2% |
|
-Revenues from securities brokerage |
2,203,441,769 |
6,421,577,113 |
-4,218,135,344 |
-65.7% |
|
- Revenue from securities investment and pooling |
2,353,948,327 |
14,598,613,913 |
-12,244,665,586 |
-83.9% |
|
- Revenue from consultancy |
450,909,094 |
1,568,217,523 |
-1,117,308,429 |
-71.2% |
|
- Other revenue |
3,976,762,888 |
5,701,388,667 |
-1,724,625,779 |
-30.2% |
|
2.Operating expenses |
28,596,924,622 |
10,313,977,034 |
18,282,947,588 |
177.2% |
|
3.General and administration expenses |
7,706,547,398 |
9,255,432,674 |
-1,548,885,276 |
-16.7% |
|
4.Profit before tax |
-27,652,471,923 |
8,699,546,074 |
-36,352,017,997 |
-417.8% |
Viet Star Securities Corporation explained the decrease in operating result in First 6 months of 2011 of the company as follows:
- Total revenues in First 6 months of 2011 decreased VND19.3billion (68.2% compared to First 6 months of 2010) as the securities market decreased sharply
- Total expenses in First 6 months of 2011 increased VND16.7billion (161% compared to First 6 months of 2010) as Operating expenses increased, Allowance for short-term securities investment and loss from securities investment.
HNX
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