VTB: Explanation of decreasing 10% between 2 periods
Viettronics Tan Binh Joint Stock Company (VTB) has explained the consolidated profit before tax in quarter 2/2012 decreased more than that in quarter 2/2011 as follows:
- Profit before tax in quarter 2/2012: VND2.1 billion- Profit before tax in quarter 2/2011: VND5.2 billion- Reason: Profit in quarter 2/2012 decreased compared with quarter 2/2011 because in 2011, the company are broken the remaining profit from joint venture. In 2012, joint venture finished and subsidiaries were set up.
- Profit before tax in quarter 2/2012: VND2.1 billion
- Profit before tax in quarter 2/2011: VND5.2 billion
- Reason: Profit in quarter 2/2012 decreased compared with quarter 2/2011 because in 2011, the company are broken the remaining profit from joint venture. In 2012, joint venture finished and subsidiaries were set up.
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