PJC: Explanation for the change of over 10% in operating result in QIV.2011 compared to QIV.2010
According to the Financial Statement Quarter IV/2011, profit after tax of Quarter IV/2011 decreased by 17.47% year on year. Petrolimex Hanoi Transportation and Trading JSC explained the decrease in operating result in Quarter IV/2011 as follows:
- In Quarter IV/2011, discount for gas and petroleum agents decreased, which led to the decrease in revenue.
- The Company set up the Provisons for loss in long-term investment into Saigon Petrolimex gas taxi JSC.
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