Tuesday, 21/08/2012 13:29

GIL: Explanation for consolidated financial statements in Q2.2012

Binh Thanh Import Export Production and Trade Joint Stock Company (GILIMEX) explained the difference in the Q2.2012 consolidated financial statements and Quarter 2.2011 as follows:

-         Interest expense was high

-         Goods transportation expenses increased because goods transportation and fuel prices were high.

-         Labor costs increased because the number of newly recruited increased but unsatisfactory capacity

-         Repair costs and depreciation were high.

-         Business results of the subsidiaries were loss.

HOSE

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