Tuesday, 08/11/2011 18:05

PJC: Business operational explanation

According to the Financial Statement QIII/2011, profit after tax of QIII/2011 of the company decreased by 13.97% year on year. Petrolimex Hanoi Transportation and Trading JSC (HNX: PJC) explained the decrease in operating result in QIII/2011 as follows:

- Since 01/06/2011, the Vietnam National Petroleum Corporation has applied new road classification system according to the Decision of the Ministry of Transportation of Vietnam, which made the haulages decrease

- In QIII.2011, discount for Oil and Petroleum agents decreased, which made the profit decrease.

HNX

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