SBA: Explanation for business result in Q2.2012
Song Ba Joint Stock Company explained the fluctuation in Quarter 2/2012 business result compared to Quarter 2/2011:
- Electricity price of Khe Dien Hydropower Plant has been adjusted to an avoided cost since June 2011, so the selling electricity price of this plant in Quarter 2/2012 was applied as an avoided cost, while in Quarter 2/2011 this application just began in June. Besides, Krong H’nang Hydropower Plant applied seasonal selling price, so revenue and profit of the two plants were higher than ones in Quarter 2/2011: + Revenue in Khe Dien Hydropower Plant increased VND 3,946,614,955. + Revenue in Krong H’nang Hydropower Plant increased VND 6,334,919,550. - SBA’s financial expense in Quarter 2/2012 decreased VND 2,200,166,659 compared to Quarter 2/2011 because SBA paid a part of principal of credit agreements. This helped Quarter 2/2012 profit increase.
- Electricity price of Khe Dien Hydropower Plant has been adjusted to an avoided cost since June 2011, so the selling electricity price of this plant in Quarter 2/2012 was applied as an avoided cost, while in Quarter 2/2011 this application just began in June. Besides, Krong H’nang Hydropower Plant applied seasonal selling price, so revenue and profit of the two plants were higher than ones in Quarter 2/2011:
+ Revenue in Khe Dien Hydropower Plant increased VND 3,946,614,955.
+ Revenue in Krong H’nang Hydropower Plant increased VND 6,334,919,550.
- SBA’s financial expense in Quarter 2/2012 decreased VND 2,200,166,659 compared to Quarter 2/2011 because SBA paid a part of principal of credit agreements. This helped Quarter 2/2012 profit increase.
HOSE
> POT: Financial Statement Quarter 2_2012 (13/08/2012)
> TVSC: Financial statements & liquidity ratio for the first 6 months (13/08/2012)
> TVSC (Tri Viet): Information on Annual Report 2011 & Audited FS 2011 (13/08/2012)
> AGR: The record date for the 2012 Annual General Meeting of Shareholders (13/08/2012)
> TST: Financial Statement Quarter 2_2012_Consolidated (13/08/2012)
> TLC: Financial Statement Quarter 2_2012 _holding company (13/08/2012)
> TPP: Financial Statement Quarter 2_2012- consolidated (13/08/2012)
> BVH: Reviewed financial statement 2012 (13/08/2012)
> MPC: Export turnover in the first 07 months of 2012 (13/08/2012)
> SBC: Explanation for business result in Quarter 2/2012 (13/08/2012)