NTB: Explanation for business result in Q4.2011
Transport Engineering Construction & Business Investment Stock Company 584 (TECBIS 584 JSC) explained the fluctuation in business result in Quarter 4/2011 compared to Quarter 4/2010:
- Profit after tax in Quarter 4/2011 (single-entity financial statements in Quarter 4/2011): 15,195,112,700
- Profit after tax in Quarter 4/2010 (single-entity financial statements in Quarter 4/2010): 4,294,355,120
- Difference: 10,900,757,580
Reason: In Quarter 3/2011, Profit increased but density of cost of goods sold over revenue, interest expenses increased compared to Quarter 4/2010 because input expenses, interest bank, etc leading profit after tax in Quarter 4/2011 increased compared to Quarter 42010 because other revenue went up.
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