Petrolimex International Trading Joint Stock Company has explained business result between quarter 1/2012 and quarter 1/2011 (parent of company) as follows:
-
Profit before tax in quater 1/2012: (VND299,677,970)
-
Profit before tax in quater 1/2011:
VND7,519,315,714
-
Decreasing: -(VND7,818,993,684)
-
Reason:
+
Gross profit decreased VND14,410,577,173
because agricultural goods are declining.
+
Financial incomes decreased VND904,653,582
+
Financial expenses decreased VND8,119,972,516
because interest expenses was less than
the same period last year and this year, have not loss because of provision for
financial investment.
+
Selling expenses decreased VND30,160,105
and general and administrative increased VND419,733,497.
+
Other profit decreased VND173,841,843.
