TCL: Explanation for business results in quarter 4/2011
TanCang Logistics and Stevedoring Joint Stock Company (TANCANG LOGISTICS JSC) has announced explanation for business result in quarter 4/2011 as follows:
- Profit after tax in quarter 4/2011 : 32,481,433,420 dongs
- Profit after tax in quarter 3/2009 : 30,644,573,194 dongs
- Increased : 1,836,860,226 dongs
- Reasons:
+ Interest from investment in joint-venture in Quarter 4/2011 was 2,526,806,991 dongs, losses 1,939,292,224 dongs increased 4,466,099,215 dongs
+ Total revenue, net income in Quarter 4/2011 increased by 73.322.039.025 dongs (30.24%) compared to Quarter 4/2010. Total expenses in Quarter 4/2011 increased by 75,613,114,465 dongs (37.35%) to made profit from business decreased (2,291,075,440) dongs. Total expenses high because financial expenses in Quarter 4/2011 increased compared to the same period of last year.
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