CTI: Explanation for business result in Q2/2012
Cuongthuan Investment Corporation has explained the fluctuation in business result of Quarter 2/2012 compared to Quarter 2/2011:
- Profit after tax in Quarter 2/2012: VND536,974,627- Profit after tax in Quarter 2/2011: VND4,003,407,287- Compared to Quarter 2/2011, CTI’s profit after tax in Quarter 2/2012 decreased 86.6% because: - Revenue from production and trading of concrete sewer pipe in Quarter 2/2012 decreased leading revenue in Quarter 2/2012 went down 35.82%.- Interest expense increased economic difficulties
- Profit after tax in Quarter 2/2012: VND536,974,627
- Profit after tax in Quarter 2/2011: VND4,003,407,287
- Compared to Quarter 2/2011, CTI’s profit after tax in Quarter 2/2012 decreased 86.6% because:
- Revenue from production and trading of concrete sewer pipe in Quarter 2/2012 decreased leading revenue in Quarter 2/2012 went down 35.82%.
- Interest expense increased economic difficulties
HOSE
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