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SHC: Explanation for change in operating result in Quarter 3/2012
According to the Financial Statement Quarter 3/2012, profit after tax increases by more than 10% year on year. On 01/11/2012 Sai Gon Maritime Joint Stock Co. Ltd explained the increase in operating result in Quarter 3/2012 as follows:
Quarter 3/2011 the profit after tax of the company was VND 8,088,537 and in Quarter 3/2012, the profit after tax was VND 2,386,549,078, the difference was VND 2,378,460,541. In Quarter 3/2012, the company gained profit mainly because the interest decreased by VND 639 million, revenue increased by VND 567 million but the capital price decreased around VND 1,2 billion because the company raised the transportation fee, had efficient saving policy to save the cost to lower the West transportation services loss. Besides that, the company inventoried some excess assets and gained VND 400 million to the other revenue.
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