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Friday, 07/09/2012 17:19

HUT: Explanation for the change of over 10% in consolidated operating result in QII.2012 compared to QII.2011

            According to the Consolidated Financial Statement Quarter II/2012, profit after tax of Quarter II/2012 decreased by 42.93% year on year.  Tasco JSC explained the decrease in consolidated operating result in Quarter II/2012 as follows:

Targets

QII/2011

QII/2012

Increase/Decrease

1.Gross sales of merchandise and services

351,074,823,804

275,161,265,687

-21.62%

2. Financial income

9,203,579,075

5,873,196,455

-36.19%

3. Profit after tax

22,822,746,246

13,024,919,023

-42.93%

-       Due to difficulty of the economy, gross sales of merchandise and services decreased by 21.62%

-       Result of financial investment decreased by 36.19%.

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