Thursday, 09/02/2012 23:07

TCS: 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 before tax of Quarter IV/2011 increased more than 10% year on year. Vinacomin - CaoSon Coal JSC explained the increase in operating result in Quarter IV/2011 as follows:

- Vinacomin Corporation has paid VND145.8billion of expenses to Vinacomin - CaoSon Coal JSC in Quarter IV/2011. Therefore, Profit before tax of Quarter IV/2011 of Vinacomin - CaoSon Coal JSC has increased by VND139.4 billion to VND169.1 billion (569.8% of profit before tax of Quarter IV/2010).

hnx

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