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Wednesday, 26/09/2012 18:01

PVX: Explanation for Financial Statement of QII/2012 (consolidated) after auditing

            Petro Vietnam Construction Joint Stock Corporation explained the change of profit after tax as follows:

-       Profit after tax in QII/2012 after auditing: -VND754.62 billion

-       Profit after tax before auditing: -VND544.08 billion

Reasons:

-       Price of input materials increased, cost of construction increased. Operating results of members units did not archive the plan. Thus, the company had to establish a reserve fund for financial risks.

-       The members units of company with real estate business had difficulties in consumption, credit of investment projects. Therefore, the operating results in QII/2012 decreased.

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