BGM: Explanation for business results in quarter 2/2012
Bac Giang Exploitable Mineral Joint Stock Company explained business results in quarter 2/2012 as follows:
- According to the last explanation, the company stopped its production in a long time as from the quarter 4/2011 because of the long traditional Tet holiday and incomplete maintenance.- In quarter 2/2012, the company focused debt collection and collected the majority of bad debts which recorded provision for those debts in the period, resulting in negative administrative expenses.- Therefore, profit decreased in the quarter because there was no revenue but expenses.
- According to the last explanation, the company stopped its production in a long time as from the quarter 4/2011 because of the long traditional Tet holiday and incomplete maintenance.
- In quarter 2/2012, the company focused debt collection and collected the majority of bad debts which recorded provision for those debts in the period, resulting in negative administrative expenses.
- Therefore, profit decreased in the quarter because there was no revenue but expenses.
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