Tuesday, 30/10/2012 16:37

PET: Explanation for business results of parent company in quarter 3.2012

Petrovietnam General Service Joint Stock Corporation (PETROSETCO) has explained business results of parent company in quarter 3.2012 compared to in quarter 3.2011 as follows:

-         Revenue in quarter 3.2012 was 312 billion dongs and decreased 24% compared to in  quarter 3.2011 because in July, the Binh Son factory temporarily stopped production due to a trouble.

-         Profit after tax of parent company in Quarter 3/2012 was 8.85 billion dongs, decreasing 50 billion (85%) compared to in Quarter 3/2011.

-         In late 2011, PSD - a subsidiary of PETROSETCO was transformed into a joint stock company. Therefore, profit from PSD was not booked in interim periods in the holding company but only recorded by the end of the year.

HOSE

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