PTI: 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 is VND 22,267,022,222 with a decrease of VND 6,316,707,026 (22%) compared to Quarter IV/2010. Post – Telecommunication Joint Stock Insurance Corporation explained the decrease in operating result in Quarter IV/2011 as follows:

- In Quarter IV/2011, the Company had to resolve some losses with large compensation as the fire of Ha Nam textile company, the loss of Dakpia hydropower, Dakne hydropower due to storm No.6 and No.7.

- The high cost of insurance compensation caused the decrease in profit after tax.

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