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VIP: Explanation for business result in 6 months of 2011
Viet Nam Petroleum Transport JSC (HOSE: VIP) (Vipco) explained the difference in revenue and profit in the parent company’s consolidated financial statements in the first six months of 2011 and the first six months of 2010:
|
6 months of 2010(VND) |
6 months of 2011(VND) |
Difference
(VND) |
Ratio (%) |
|
Revenue |
693,800,800,375 |
943,125,585,524 |
249,324,785,149 |
35.94 |
|
Profit after tax |
17,488,959,992 |
38,660,569,302 |
21,171,609,310 |
121.06 |
- Profit in the first six months of 2011 was higher than profit in the first six months of 2010 because:
- The operations of ship team in the first six months of 2011 were better than the same period of last year, with the average ratio of operating days of 90.5%, and increased revenue, decreased expenses, especially fuel expense.
- Real estate services, including promoting the selling of infrastructure of Anh Dung VII Project, contributed to raise the Company’s profit VND8,461,758,459.
HOSE
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