TST: QII/2011 consolidated FS explanation
Telecommunication Technical Service JSC (HNX: TST) explained difference in profit after tax in the Reviewed consolidated financial statement (FS) 2011 as follows:
- Consolidated Profit after tax in Financial statement QII.2011: VND911,493,561
- Profit after tax in Reviewed consolidated financial statement 2011: VND3,946,998,408
- Difference: VND3,035,504,847 (+333%)
Reasons for the difference:
- Increase in accounting profit before tax: VND4,090,248,561 (+4.9%)
- Increase in Cost of goods sold: VND6,802,229,331 (+11.4%)
- Decrease in Financial expenses: VND5,894,805,743 (-29.9%)
- Increase in General and administration expenses: VND657,501,129 (+10.1%)
These adjustments increase the profit after tax in Reviewed consolidated financial statement by VND3,035,504,847.
HNX
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