Friday, 27/07/2012 10:47

AVS: Explanation for business result in Quarter 2.2012

Au Viet Securities Corporation explained profit after tax in Quarter 2.2012 increased beside Quarter 2.2011:

                                                                                                                        By: VND

Item

Quarter 2.2011

Quarter 2.2012

Difference

Value

Ratio %

Income from brokerage

5,931,457,669

1,146,703,007

-4,784,754,662

-81%

Income from services investment

1,581,108,659

5,676,278,338

4,095,169,679

259%

Income from finance advisory

279,090,909

40,000,000

-239,090,909

-86%

Other income

31,799,051

267,138,290

235,339,239

740%

Business expense

22,884,329,311

4,898,907,234

-17,985,422,077

-79%

Administrative expense

3,944,238,611

1,816,378,382

-2,127,860,229

-54%

Profit after tax

-13,202,059,933

8,592,913,367

21,794,973,300

165%

-         Business expense and administrative expense in Quarter 2.2012 decreased by 75% compared to Quarter 2.2011, in which business expense decreased 17,985,422,077 dongs or 79% because in Quarter 2.2012 the company did not make provision for depreciation of securities while in Quarter 2.2011, provision for depreciation of securities was VND14,227,703,732. Therefore, profit after tax in Quarter 2.2012 increased by 165% compared to the same period of 2011.

HOSE

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