TIC: Explanation for business results in quarter 4/2011
Tay Nguyen Electricity Investment Joint Stock Company (TIC) has explained business result in quarter 4/2011 compared to quarter 4/2010 as follows:
- Profit after tax in quarter 4/2011: VND18,397,899,399
- Profit after tax in quarter 4/2010: VND11,786,348,340
- Increased: 156% (VND6,611,551,059)
Reason: In 2011, production and business power were advantage so profit from factory and joint venture were higher than the same period of 2010.
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