THT: 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 VND32,865,046,217 with a increase of VND9,486,641,931 (40.58%) year on year. Vinacomin Ha Tu Coal JSC explained the decrease in operating result in Quarter IV/2011 as follows:
- The company improved the quality of the product and therefore increased the coal price and increased revenue (Price in 2010: VND937,365/ton, Price in 2011: VND1,341,508/ton)
- Expenses for the production decreased in QIII/2011 by VND5.6billion.
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