VSH: Explanation for business results in Quarter 1.2012
Vinh Son - Song Hinh Hydropower Joint Stock Company (VSHPC) has explained business results in Quarter 1.2012 beside Quarter 1.2011 as follows:
Items Unit Quarter 1.2011 Quarter 1.2012 +/- Change % Change 1. Electric production: - Production Million Kwh 247.11 286.84 39.73 16.08% - Revenue Billion dongs 128.00 99.50 -28.51 -22.27% - Expenses Billion dongs 41.23 49.60 8.37 20.31% - Profit Billion dongs 86.77 49.89 -36.88 -42.50% 2. Financial items - Financial incomes Billion dongs 34.41 19.62 -14.79 -42.97% - Financial expenses Billion dongs 2.09 1.77 -0.32 -15.12% - Profit Billion dongs 32.32 17.85 -14.47 -44.77% 3. Others - Other revenue Billion dongs 0.01 0.00 -0.01 - Other expenses Billion dongs 0.00 0.01 0.01 - Profit Billion dongs 0.01 -0.01 -0.02 4. Total profit before tax Billion dongs 119.10 67.76 -51.37 -43.13% 5. Total profit after tax Billion dongs 113.15 65.73 -47.42 -41.91% - Profit after tax in Quarter 1.2012 decreased 47.42 billion dongs (-41.91%) compared with profit after tax in Quarter 1.2011 because the reason as following: + Expenses of electric product increased 16.08% compared to Quarter 1.2011, revenue decreased 22.27% because the company has not signed electricity sales contact with Vietnam Electricity. + Financial expenses decreased because bank rate decreased and deposits decreased.
Items
Unit
Quarter 1.2011
Quarter 1.2012
+/- Change
% Change
1. Electric production:
- Production
Million Kwh
247.11
286.84
39.73
16.08%
- Revenue
Billion dongs
128.00
99.50
-28.51
-22.27%
- Expenses
41.23
49.60
8.37
20.31%
- Profit
86.77
49.89
-36.88
-42.50%
2. Financial items
- Financial incomes
34.41
19.62
-14.79
-42.97%
- Financial expenses
2.09
1.77
-0.32
-15.12%
32.32
17.85
-14.47
-44.77%
3. Others
- Other revenue
0.01
0.00
-0.01
- Other expenses
-0.02
4. Total profit before tax
119.10
67.76
-51.37
-43.13%
5. Total profit after tax
113.15
65.73
-47.42
-41.91%
- Profit after tax in Quarter 1.2012 decreased 47.42 billion dongs (-41.91%) compared with profit after tax in Quarter 1.2011 because the reason as following:
+ Expenses of electric product increased 16.08% compared to Quarter 1.2011, revenue decreased 22.27% because the company has not signed electricity sales contact with Vietnam Electricity.
+ Financial expenses decreased because bank rate decreased and deposits decreased.
HOSE
> SFI: Explanation for business result in QI/2012 (26/06/2012)
> EBS: Results of Annual General Meeting of Shareholders 2012 (25/06/2012)
> VNF: Results of Annual General Meeting of Shareholders 2012 (25/06/2012)
> BVG: 2012.Quarter I_ Financial Statement (consolidated) (25/06/2012)
> CMS: 2012.Quarter I_ Financial Statement (consolidated) (25/06/2012)
> CTA: 2012.Quarter I_ Financial Statement (consolidated) (25/06/2012)
> CTB: 2012.Quarter I_ Financial Statement (25/06/2012)
> TC6: Explanation for the change of over 10% in operating result in QIV.2012 compared to QIV.2011 (25/06/2012)
> VNL: Vinalink finishes stake transfer in Hapag Lloyd Vietnam (25/06/2012)
> SRB: Explanation for difference in financial statement Year 2011 before and after auditing (25/06/2012)
