BTP: Explanation for business result in Quarter 4/2011
Ba Ria Thermal Power Joint Stock Company has explained the difference in profit between Quarter 4/2011 and Quarter 4/2010:
- The electricity trade agreement between the Vietnam Electricity and the Company expired. Therefore, during waiting for negotiations about a new electricity price, as from January 01, 2011 the Vietnam Electricity has temporarily applied a price equal to 90% of the fixed price and 100% of flexible price according to old agreement (Agreement 2010). When an official electricity price is decided, the Company will adjust its revenue.
- Therefore, profit in Quarter 4/2011 was lower than the same period of 2010.
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