STT: Explanation for business result in quarter 1/2012 Saigontourist Transport Corporation has explained business results in Quarter 1/2012 compared to Quarter 1/2011 as follows:
-
Profit
after tax in Quarter 1/2012: VND3,547,503 -
Profit
after tax in Quarter 1/2011: VND44,871,743 -
Decreased:
VND41,324,240
|
Sales in Quarter 1/2012
|
Sales in Quarter 1/2011
|
Difference
|
Net income
|
9,897,914,850
|
14,910,555,544
|
(5,012,640,694)
|
Profit
before tax
|
4,730,004
|
59,828,990
|
(55,098,986)
|
Profit
after tax
|
3,547,503
|
44,871,743
|
(41,324,240)
|
-
Net
income in Quarter 1/2012 was less than Quarter 1/2011 because income from travel
and income from labor export split from Saigontourist Transport Corporation and
set up new company with 100% capital of Saigontourist Transport Corporation, so
income in Quarter 1/2012 of Saigontourist Transport Corporation decreased as follows: -
Income
from travel: 2,333,245,704 dongs. -
Income
from labor export: 2,137,404,408 dongs -
Therefore,
income in quarter 1/2012 of Saigontourist Transport Corporation decreased which
business result was loss because Saigontourist Transport Corporation restructured.
HOSE
|