PGC: Explanation for business result in Q1.2012 (Parent Company)
Petrolimex Gas Joint Stock Company explained the fluctuation in business result of the parent company in Quarter 1/2012 and Quarter 1/2011:
- Profit after tax in Quarter 1/2011: (VND 3,856,682,204) - Profit after tax in Quarter 1/2012: VND 17,712,865,027 - Compared to Quarter 1/2011, profit after tax in Quarter 1/2012 increased by VND21,569,547,231 because the profit in Quarter 1/2011 was affected by exchange rate difference (in February 2011, the State Bank of Vietnam changed the exchange rate).
- Profit after tax in Quarter 1/2011: (VND 3,856,682,204)
- Profit after tax in Quarter 1/2012: VND 17,712,865,027
- Compared to Quarter 1/2011, profit after tax in Quarter 1/2012 increased by VND21,569,547,231 because the profit in Quarter 1/2011 was affected by exchange rate difference (in February 2011, the State Bank of Vietnam changed the exchange rate).
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