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IVS: Explanation for business result in Q4/2012 Vietnam Investment Securities Company (IVS) gave reasons causing the differences in business results of Quarter 4/2012 compared to Quarter 4/2011:
By: VND
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No.
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Item
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Quarter
4/2011
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Quarter
4/2012
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Difference
amount
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Difference
ratio
|
|
a
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b
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c
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d
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e=d-c
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f=e/d
|
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1
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Net
revenue
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9,564,394,310
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7,168,085,635
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(2,396,308,675)
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-33%
|
|
2
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Operating
& administration expenses
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9,523,530,534
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5,915,468,275
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(3,608,062,259)
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-61%
|
|
3
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Profit
after tax
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(10,251,682)
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905,815,234
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916,066,916
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101%
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Compared to Quarter 4/2011, the trading volume of Vietnam’s stock
market in Quarter 4/2012 went down sharply, so IVS’ trading revenue and other
incomes in Quarter 4/2012 decreased by 33%.
However, the main reason helping IVS have profit in Quarter 4/2012 is
that the Company cut a lot of expenses, especially the decrease of 25% in human
expense. IVS’s operating and administration expenses in Quarter 4/2012
decreased by 15% compared to the same period of 2011.
HOSE
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