PPI: Explanation for business result in Q1.2012
Pacific Property & Infrastructure Development Joint Stock Company explained the fluctuation in business result in Quarter 1/2012 compared to Quarter 1/2011:
- Profit after tax in Quarter 1/2012: (VND1,250,868,380) - Profit after tax in Quarter 1/2011: VND2,529,619,896- Difference: (VND3,780,488,276) Reason: - Economic difficulties, material, petrol and labors prices increased affecting products prices, selling expenses and general and administration expenses. Interest rate increase highly leading financial expenses rose.
- Profit after tax in Quarter 1/2012: (VND1,250,868,380)
- Profit after tax in Quarter 1/2011: VND2,529,619,896
- Difference: (VND3,780,488,276)
Reason:
- Economic difficulties, material, petrol and labors prices increased affecting products prices, selling expenses and general and administration expenses. Interest rate increase highly leading financial expenses rose.
HOSE
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