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VIE: QII-2011 Operation explanation
Viteco VNPT., JSC (HNX: VIE) explained the increase in operating result in QII/2011 as follows:
|
No. |
Item |
QII/2010 (VND) |
QII/2011 (VND) |
|
1 |
Profit after tax |
503,767,673 |
-1,995,597,187 |
Reasons:
• Total revenue of QII/2011 is VND11,635,623,925 with a decrease of VND7,889,774,165 equaling 40.41% compared to QII/2010 (VND19,525,398,090).
• Due to increase in price of material and fuel, Foreign exchange, cost of operation and especially, the intense increase in General and administration expenses on year when the Company celebrated the 20th anniversary to receive the Diploma of Government. Otherwise, in QII/2010 the production was much higher than in QII/2011, so the General and administration expenses was evenly allocated in the 2010 following quarters.
HnX
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