Friday, 09/03/2012 00:46

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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