PHS: QII.2011 business explanation
Fortunes Securities Corporation (HNX: PHS) explained difference in profit after tax in the Reviewed financial statement 2011 and Quarter II.2011 as follows:
- Profit after tax in Financial statement Quarter II.2011: (VND7,429,275,131)
- Profit after tax in Reviewed financial statement 2011: (VND12,131,634,993)
- Difference: VND4,702,359,862
Reasons for the difference:
- Increase in software maintenance expenses: VND1,508,000,000
- Provision for loss in securities investment: VND3,944,000,000
- Write-back of deferred income tax: VND750,000,000
These adjustments decrease the profit after tax by VND4,702 million.
HNX
|