GFC: Business Operating explanation
Gentraco Feed JSC (HOSE: GFC) explained difference in profit after tax in the Reviewed financial statement 2011 and QII.2011 as follows:
- Accumulated profit after tax in Financial Statement QII. 2011: -VND 9,776,720,649
- Profit after tax in Reviewed Financial Statement 2011: -VND 22,503,001,081
- Reason for difference:
The audited company accounted interest expenses which is not capitalized and processing expenses due to difference between fact data and expected data as of 30/06/2011 to put into cost of goods sold.
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