THV: 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/2012 decreased more than 10% year on year. Thai Hoa Viet Nam Group JSC explained the decrease in operating result in Quarter II/2012 of holding company as follows:
- Profit after tax of QII/2012 was -VND31,982,103,147 with a decrease of -4262.87% compared to QII/2011.
- Explanation:
Financial expense increases highly, allowance for uncollectible accounts and inventories made General and administration expense increased from VND1,884,007,966 in QII/2011 to VND34,536,145,049 in QII/2012 (equivalent 1833%)
HNX
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