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%. | HNX