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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
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Sales in Quarter 1/2012
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Sales in Quarter 1/2011
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Difference
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Net income
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9,897,914,850
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14,910,555,544
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(5,012,640,694)
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Profit
before tax
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4,730,004
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59,828,990
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(55,098,986)
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Profit
after tax
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3,547,503
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44,871,743
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(41,324,240)
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-
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
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