VTB: Explanation for business result in Q2.2012

Viettronics Tan Binh Joint Stock Company has explained the fluctuation in profit and loss in Quarter 2.2012 compared to Quarter 2.2011 as follows:

-         Single-entity Financial Statements:

+        Profit before tax in Quarter 2.2012: 2.00 billion dongs

+        Profit before tax in Quarter 2.2011: 5.38 billion dongs

+        Profit in Quarter 2.2012 was lower than profit in Quarter 2.2011.

-         Reason: In Quarter 2.2011, the company booked a financial income of 3 billion dongs from JVC Viet Nam Co., Ltd, which was the profit earned one year earlier but accounted in Quarter 2.2011. So, profit before tax in Quarter 2.2011 was lower than profit before tax in Quarter 2.2012 because the difficulties from economic crisis. 

HOSE

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