Mientrung Petroleum Construction Joint Stock Company has explained business results in quarter 2/2012 compared to in quarter 2/2011 as follows:
-
Total
revenue
+
Revenue
in Quarter 2/2012: VND47,278,880,605
+
Revenue
in Quarter 2/2011: VND189,039,663,785
-
Total
profit
+
Profit
in Quarter 2/2012: -VND25,428,040,727
+
Profit
in Quarter 2/2011: VND2,405,622,037
-
Reason:
+
In
Quarter 2/2012, economic difficulties, revenue decreased 75% compared to in Quarter
2/2011. Besides, financial expenses and general and administration were high.