PGC: Explanation for consolidated business result in Q2.2012
Petrolimex Gas Joint Stock Company explained the fluctuation in consolidated business result in Quarter 2/2012 and Quarter 2/2011:
- Profit after tax in Quarter 1/2011: VND 7,404,873,988- Profit after tax in Quarter 1/2012: VND 17,699,974,029- Increased: VND10,295,100,041 (139%) reason:- Financial expense in Quarter 2/2012 was less than in Quarter 2/2011 because in Quarter 2/2011, the State Bank of Vietnam changed the exchange rate.- General and administration expense in Quarter 2/2012 was less than in Quarter 2/2011.
- Profit after tax in Quarter 1/2011: VND 7,404,873,988
- Profit after tax in Quarter 1/2012: VND 17,699,974,029
- Increased: VND10,295,100,041 (139%) reason:
- Financial expense in Quarter 2/2012 was less than in Quarter 2/2011 because in Quarter 2/2011, the State Bank of Vietnam changed the exchange rate.
- General and administration expense in Quarter 2/2012 was less than in Quarter 2/2011.
HOSE
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