Friday, 05/10/2012 10:27

STT: Explanation for business results for 6 months of 2012 before & after review

Saigontourist Transport Corporation has explained for business results for the first six months of 2012 before & after review of parent company as follows:

1.     Financial income and other income:

 

After review

Before review

Different

Net revenue

23,876,164,016

23,876,164,016

0

Financial income

782,161,604

711,383,826

70,777,778

Other income

3,519,737,254

2,519,737,254

1,000,000,000

-        Financial income increased VND70,777,778 because the company recorded interests from its bank deposits incorrectly.

-        Other income increased VND1 billion as the company recorded income from compensation in the project at 99C Pho Quang incorrectly.

2.     Profit after tax in the first six months of 2012 after review was –VND437,115,023 compared to profit after tax in the first six months of 2012 before  review was VND277,635,748 mainly because:

-        The audit firm made a provision for bad debts of VND2,183,192,830.

HOSE

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