TLC: 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 increased more than 10% year on year. Thang Long Telecommunications JSC explained the increase in operating result in Quarter II/2012 of holding company as follows:
- Profit after tax
+ QII/2012: -VND995,593,568
+ QII/2011: -VND24,775,378,600
- Explanation:
In QII/2012, the company stopped the production line of electric cable ineffective. That limited the additional cost, inventories in 2011. The company now executes assets liquidation for capital restructuring. Liquidation cost is VND686,147,712.
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