VSG: Explanation for business result in Q2.2012
South Vietnam Container Shipping Joint Stock Company (VICONSHIP SAIGON) explained the fluctuation in revenue and profit after tax of Quarter 2.2012 compared to Quarter 2.2011:
By: VND
Quarter 2/2012 Quarter 2/2011 Quarter 2/2012 vs. Quarter 2/2011 Revenue 19,298,990,440 27,350,600,215 -29.44% Profit after tax -17,618,782,769 -16,281,385,553 Loss up 8.2% - Because the impact of economic global, ship rental prices decreased sharply.- Compared to Quarter 2/2011, VSG’s revenue in Quarter 2/2012 decreased by 8,05 billion dongs (or 29.44%), but VSG’s loss after tax increased by 1.34 billion dongs (or 8.2%) because of main reasons as follows: Revenue: - Ship rental revenue was down by 4.87 billion dongs due to the decrease in rental price. - Handling revenue decreased by 2.7 billion dongs because the number of containers arriving to the port went down. - Mechanical repair revenue slid by 0.37 billion dongs. Profit after tax: - Because revenue decreased 8.05 billion dongs but expense was down by 6.7 billion dongs thanks to the decrease in exchange rate difference, and this made VSG’s loss after tax increased by 1.34 billion dongs (or 8.2%).
Quarter 2/2012
Quarter 2/2011
Quarter 2/2012 vs. Quarter 2/2011
Revenue
19,298,990,440
27,350,600,215
-29.44%
Profit after tax
-17,618,782,769
-16,281,385,553
Loss up 8.2%
- Because the impact of economic global, ship rental prices decreased sharply.
- Compared to Quarter 2/2011, VSG’s revenue in Quarter 2/2012 decreased by 8,05 billion dongs (or 29.44%), but VSG’s loss after tax increased by 1.34 billion dongs (or 8.2%) because of main reasons as follows:
Revenue:
- Ship rental revenue was down by 4.87 billion dongs due to the decrease in rental price.
- Handling revenue decreased by 2.7 billion dongs because the number of containers arriving to the port went down.
- Mechanical repair revenue slid by 0.37 billion dongs.
Profit after tax:
- Because revenue decreased 8.05 billion dongs but expense was down by 6.7 billion dongs thanks to the decrease in exchange rate difference, and this made VSG’s loss after tax increased by 1.34 billion dongs (or 8.2%).
HOSE
> VSG: Explanation for consolidated business result in Q2.2012 (30/07/2012)
> PPG: Financial Statement Quarter 2_2012 _holding company (30/07/2012)
> POT: Financial Statement Quarter 2_2012 (30/07/2012)
> PVS: Financial Statement Quarter 2_2012 _holding company (30/07/2012)
> VICS: Information on Financial Statements for Quarter II. 2012 and Explanation for business result in QII.2012 (30/07/2012)
> MBS: Information on Financial Statements for Quarter II. 2012 and Explanation for business result in QII.2012 (30/07/2012)
> VC2: Financial Statement Quarter 2_2012 (30/07/2012)
> VTV: Financial Statement Quarter 2_2012 (30/07/2012)
> VFR: Financial Statement Quarter 2_2012 _holding company (30/07/2012)
> SPP: Financial Statement Quarter 2_2012 (30/07/2012)
