VHC: QII/2011 Operating results explanation (Parent company)
VinhHoan Corp (HOSE: VHC) explained the difference between profits before tax before and after auditing in the first six months of 2011:
By: VND
|
Before auditing |
After auditing |
Difference |
Profit before tax |
229,613,994,340 |
263,759,449,517 |
+7,145,455,177 |
Reason:
- The decrease in the provision for returns made profit increase: +3,711,240,000 VND
- The decrease in the provision for inventory made profit increase: +7,907,007,674 VND
- The decrease in import tax of commercial consignments not had to be temporarily imported to re-export made the cost of goods sold go up and made profit go down: -4,353,307,580 VND.
HOSE
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