VHC: Explanation for business result in QII/2011
VinhHoan Corp (HOSE: VHC) explained the fluctuation in the consolidated financial statements in QII/2011 compared to QII/2010:
By: VND
QII/2011
QII/2010
Difference
Net revenue
923,696,568,830
793,267,295,219
+16.44%
Profit after tax of the parent company
122,153,436,709
65,187,379,428
+87.39%
Reason
- The Corporation’s revenue in QII/2011 increased 16.44% from 2010.
- In QII/2011, the Company’s profit was mainly from the parent company. The parent company mainly has produced products from its own material sources, so cost was lower than the cost of market and contributed the profit in the period.
hose
> LGL: Explanation for business result in QII/2011 (29/08/2011)
> PDR: Setting up Branch (29/08/2011)
> PNC: Setting up a subsidiary (29/08/2011)
> HTI: 2011’s first half Audited FS explanation (29/08/2011)
> HAI: Explanation for business result in QII/2011 (29/08/2011)
> FBT: 2011’s First Half Audited FS Submission extension (29/08/2011)
> VHC: Explanation for business result in QII/2011 (26/08/2011)
> VIP: Explanation for business result in 6 months of 2011 (26/08/2011)
> POT: Notice of Extraordinary General Meeting of Shareholders 2011 (26/08/2011)
> VFG: Explanation for business result in QII/2011 (29/08/2011)
