BVH: Explanation for business result in quarter 4.2012
Baoviet Holdings has explained the difference in profit after tax between quarter 4/2012 and quarter 4/2011:
By: million dongs
Item Quarter 4/2012 Quarter 4/2011 Difference Separate Profit after tax 389,780 243,006 +60% Consolidated profit after tax 304,169 435,645 -30% Separate financial statements: profit after tax in Quarter 4.2012 by 160%, increasing 60% compared to the same period of last year because thanks to the recovery of the financial market in general and the local stock market. BVH recover provision for financial investment while it had to set aside additional provision for financial investment in the period of 2011. Consolidated financial statements: profit after tax in Quarter 4.2012 by 70%, decreasing 30% compared to the same period of last year. 2012 was difficult for the economic, affecting all operation of every business. BVH’s subsidiaries in insurance sector also saw decline in business results. Although, financial investments reported growth, the recovery of financial provisions increased consolidated corporate taxes compared to the same period of 2011.
Item
Quarter 4/2012
Quarter 4/2011
Difference
Separate Profit after tax
389,780
243,006
+60%
Consolidated profit after tax
304,169
435,645
-30%
Separate financial statements: profit after tax in Quarter 4.2012 by 160%, increasing 60% compared to the same period of last year because thanks to the recovery of the financial market in general and the local stock market. BVH recover provision for financial investment while it had to set aside additional provision for financial investment in the period of 2011.
Consolidated financial statements: profit after tax in Quarter 4.2012 by 70%, decreasing 30% compared to the same period of last year. 2012 was difficult for the economic, affecting all operation of every business. BVH’s subsidiaries in insurance sector also saw decline in business results. Although, financial investments reported growth, the recovery of financial provisions increased consolidated corporate taxes compared to the same period of 2011.
HOSE
> BLF: Financial Statement Quarter 4/2012 (18/03/2013)
> BTH: Notice of record date for AGM 2013 (18/03/2013)
> SSM: Notice of record date for Dividend payment and Annual General Meeting 2013 (18/03/2013)
> CLP: The record date for the 2012 annual general meeting (18/03/2013)
> DTT: The Record Date for Annual General Meeting 2013 (18/03/2013)
> HAR: The Record Date for Annual General Meeting 2013 (18/03/2013)
> MBB: The Record Date for Annual General Meeting 2013 (18/03/2013)
> SIC: Financial Statement FY 2012 (18/03/2013)
> SNG: Financial Statement FY 2012 (18/03/2013)
> SPP: Financial Statement FY 2012 (18/03/2013)
