Tuesday, 03/04/2012 09:57

BTP: Explanation for business result in 2011

Ba Ria Thermal Power Joint Stock Company has explained the difference in profit between 2011 and 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).

On March 12, 2012, the company completed negotiations about a new electricity price. Therefore, the company adjusted electricity price leading income and profit in 2011 was higher than the same period of 2010.

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