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MBS: Explanation for business results in Q2/2012 MB SECURITIES JOINT STOCK COMPANY (MBS) has announced explanation for business result in quarter 2/2012 as follows:
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Quarter
2/2012
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Quarter
2/2011
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Different
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Rate
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Revenue
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76,699,073,588
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216,763,979,732
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-140,064,906,144
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-64.62
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Profit
after tax
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5,843,947,636
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-286,540,163,228
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292,384,110,864
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102.04
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-
Although
revenue decreased 64.62%, profit after tax increased 102.04% because in quarter
2/2011, the company made a provision for
devaluation of socks of VND177,353,036,222 and a provision for bad debts of VND53,092,748,054. While in quarter 2/2012 the company delayed
a provision for
devaluation of socks of VND25,811,196,821 and a provision for bad debts of VND12,272,393,934
HOSE
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