International Gas Product Shipping Joint Stock Company has announced explanation for business result in quarter 2/2012 as follows:
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Consolidated
financial statement in quarter 2/2012 decreased 20% compared to quarter 2/2011:
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In
quarter 2/2012 the company has not large income at June
30, 2012. At June 30, 2011, large income was VND4.70 billion.
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Revenue
from selling and service supply in quarter 2/2012 increased 15% but cost of
goods sold increased 23% because salary expense, fuel
expense… went up.
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In
May and June of 2012, Dung Quat factory shut down.
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Financial
statement in quarter 2/2012 of parent company increased 58% compared to quarter
2/2011:
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In quarter 2/2012, the company was paid for the 2011 dividends from subsidiary with value of VND6.74 billion leading financial revenue went up
175% compared to the same period of last year.
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In
May and June of 2012, Dung Quat factory shut down leading revenue decreased 15%
but cost of goods sold went down 17%
