COM: Explanation for business result in Q1.2012

Materials - Petroleum Joint Stock Company (COMECO) explained the fluctuation in business result between Quarter 1.2012 and Quarter 1.2011:

By: VND

	Quarter 1.2011	Quarter 1.2012	Ratio
Revenue	1,069,332,579,20	1,309,156,310,114	122.43%
Profit before tax	11,542,332,651	8,541,809,841	74.00%

 Revenue in Quarter 1.2012 increased 22.43% compared to revenue in Quarter 1.2011 because selling prices of petrol products in Quarter 1.2012 were higher than ones in Quarter 1.2011.

Quarter 1.2012	Quarter 1.2011
95 gas: 23,400 dongs / liter 92 gas: 22,900 dongs / liter Petroleum: 20,800 dongs / liter Do 0.25S: 21,350 dongs / liter Do 0.05S: 21,400 dongs / liter	95 gas: 21,800 dongs / liter 92 gas: 21,300 dongs / liter Petroleum: 20,800 dongs / liter Do 0.25S: 21,050 dongs / liter Do 0.05S: 21,100 dongs / liter

 In Quarter 1.2012, profit before tax decreased 26% compared to Quarter 1.2011 mainly gross profit/ liter of petrol decreased and the company set up provision for diminution in shares value.

HOSE

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