PSI: Explanation for negative profit in 2011

PetroVietnam Securities Incorporated explained the negative profit in 2011 as follows:

Due to decline of stock market, many securities companies including PSI were influenced. Total revenue decreased by 32% year on year. To control risks in that period, the Company set up allowance expenses for financial investment as stipulated. Therefore, operating result of the Company was a minus (-) VND 93,256 billion.

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