|
PVF: Explanation for the business fluctuation in quarter 1/2012
PetroVietnam Finance Joint Stock Corporation (PVFC) has explained the business fluctuation in quarter 1/2012 compared to quarter 1/2011 as follows:
Unit: VND
|
Items
|
Quarter 1/2012
|
Quarter 1/2011
|
Quarter 1/2012 compared with quarter 1/2011
|
|
Amount
|
%
|
|
1. Revenue
|
2,594,299,037,671
|
1,641,401,958,241
|
952,897,079,430
|
58.50
|
|
Interest and similar incomes
|
1,686,897,891,080
|
1,144,911,509,072
|
541,986,382,008
|
47.34
|
|
income from investment trusts
|
408,374,997,617
|
27,884,001,955
|
380,490,995,662
|
1,364.55
|
|
Reversal of provision
|
229,278,819,740
|
50,734,501,905
|
178,544,317,835
|
351.92
|
|
income from sale of rights to sell securities
|
103,809,946,481
|
62,629,211,254
|
41,180,735,227
|
65.75
|
|
Incomes from contributing capital, buying shares
|
13,644,834,409
|
77,916,932,164
|
(64,272,097,755)
|
(82.49)
|
|
Dealing in foreign currencies
|
13,282,735,672
|
40,411,180,596
|
(27,128,444,924)
|
(67.13)
|
|
Dealing the trading securities
|
2,188,630,372
|
24,950,745,288
|
(22,762,114,916)
|
(91.23)
|
|
income from forwards
|
92,907,452,788
|
106,165,738,972
|
(13,258,286,184)
|
(12.49)
|
|
2. Expenses
|
2,396,126,221,485
|
1,471,585,243,572
|
924,540,977,913
|
62.83
|
|
Interest and similar expenses
|
1,979,601,276,868
|
1,053,418,380,730
|
926,182,896,138
|
87.92
|
|
Expenses of dealing securities
|
42,547,645,304
|
90,851,681,176
|
51,695,964,128
|
56.90
|
|
Provision expenses for investment devaluation
|
10,629,168,813
|
-
|
10,629,168,813
|
-
|
|
Provision expenses for credit losses
|
34,198,594,962
|
64,162,671,373
|
(29,964,076,411)
|
(46.70)
|
|
Provision expenses other
|
-
|
25,910,736,492
|
(25,910,736,492)
|
-
|
|
3. Profit before tax
|
198,172,716,186
|
169,816,714,669
|
28,356,001,517
|
16.70
|
* Consolidated business result in quarter 1/2012 was different from quarter 1/2011 by some reasons:
- Revenue in quarter 1/2012 increased VND953 billion (58.05%) compared to quarter 1/2011 because:
+ Interest and similar incomes in quarter 1/2012 increased VND542 billion (47.34%) compared to quarter 1/2011.
+ Income from investment trusts in quarter 1/2012 increased VND380 billion (1,364.55%) compared to quarter 1/2011.
+ Reversal of provision in quarter 1/2012 increased VND179 billion (352%) compared to quarter 1/2011.
+ Incomes from contributing capital, buying shares in quarter 1/2012 decreased VND64 billion (-82.5%) compared to quarter 1/2011.
- Expenses in quarter 2/2012 increased VND925 billion (62.83%) compared to quarter 1/2011, because:
+ Expenses of Interest and similar expenses in quarter 1/2012 increased VND926 billion (87.9%) compared to quarter 1/2011.
+ Expenses of trading securities increased VND52 billion (57%) compared to quarter 1/2011.
+ Provision expenses for investment devaluation decreased VND10.6 billion compared to quarter 1/2011.
+ Provision expenses for credit losses decreased VND30 billion (- 46.7%) compared to quarter 1/2011.
+ Provision expenses other decreased VND26 billion compared to quarter 1/2011.
HOSE
|
