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PTS: Explanation for the change of over 10% in operating result in QII.2012 compared to QII.2011 According to the Financial Statement Quarter II/2012, profit after tax of Quarter II/2011 decreased 116.27 % year on year. HaiPhong Petrolimex Transportation and Services JSC explained the increase in operating result in Quarter II/2012 as follows: |
|
Profit after tax in QII.2011 |
Profit after tax in QII.2012 |
Decrease/Increase (VND) |
Rate |
|
2,873,157,237 |
-2,118,091,669 |
-4,991,248,906 |
-174% |
- Due to influence of economic crisis, revenue from oil and gas transportation was VND 22,491,916,412 decreasing by 25% year on year. Besides, material price and other expenses also increased. Therefore, profit from oil and gas transportation decreased by 177%.
- Revenue from oil and gas business in QII/2012 gained VND 44,826,293,492 decreasing 13.8% compared to QII.2011.
| HNX
