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TET: Business operational explanation
According to the Consolidated Financial Statement Quarter III/2011, profit after tax of Quarter III/2011 changed over 10% year on year
|
Items |
Q.3/2011 |
Q.3/2010 |
Change
% |
|
Sales of merchandise and services |
12,139,089,013 |
12,827,773,430 |
-5.37% |
|
Profit after tax |
3,119,858,724 |
2,386,027,875 |
30.75% |
Northern Textiles and Garments JSC explained the change in operating result in Quarter III/2011 as follows:
- In 2011, the storage at Duc Giang was put into operation as planned by the holding company. The unit price for leasing storage also increased year on year. Thus, profit after tax of holding company increased by 35.24% compared to QIII.2010. However, profit after tax in the consolidated FS only increased by 30.24% because of the loss of VND65,574,319 in the subsidiary.
hnx
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