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Wednesday, 04/07/2012 17:50

PHH: Explanation for negative profit in financial statement (consolidated) Year 2011

Hong Ha Petroleum JSC explained the negative profit after tax in financial statement 2011 (consolidated) as follows:

 

            Hong Ha Thanh Cong one member Co., Ltd (100% charter capital of Hong Ha Petroleum JSC): In 2010, the company sold 02 floors of K3B – Thanh Cong buildings. In 2011, due to change of partners, 02  floors of the buildings were returned. Thus, profit after tax in 2011 was –VND10,732,886,044. The profit after tax consolidated of 2011 was –VND5,537,132,558

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