VSH: Explanation for business results in Quarter 1.2013
Vinh Son - Song Hinh Hydropower Joint Stock Company (VSHPC) has explained business results in Quarter 1.2013 beside Quarter 1.2012 as follows:
Items Unit Quarter 1.2012 Quarter 1.2013 +/- Change % Change 1. Electric production: 286.84 170.78 (116.06) (40.46) - Production Million Kwh 99.50 59.96 (39.54) (39.74) - Revenue Billion dongs 49.60 34.78 (14.82) (29.88) - Expenses Billion dongs 49.89 25.18 (24.71) (49.53) - Profit Billion dongs - 2. Financial items 19.62 12.91 (6.71) (34.21) - Financial incomes Billion dongs 1.77 1.80 0.03 1.47 - Financial expenses Billion dongs 17.85 11.11 (6.74) (37.76) - Profit Billion dongs - 3. Others - 0.04 0.04 - Other revenue Billion dongs 0.01 - (0.01) - Other expenses Billion dongs (0.01) 0.04 0.05 - Other profit Billion dongs 67.73 36.33 (31.40) (46.36) 4. Total profit before tax Billion dongs 65.73 35.34 (30.39) (46.23) 5. Total profit after tax Billion dongs 286.84 170.78 (116.06) (40.46) - Profit after tax in Quarter 1.2013 decreased 30.39 billion dongs (-46.23%) compared with profit after tax in Quarter 1.2012 because the reason as following: + Electric production in Quarter 1.2013 decreased (-40.46%) compared with in Quarter 1.2012 because of central drought. + Revenue from electric production decreased (39.74%) because the company has not signed electricity sales contact with Vietnam Electricity. + Financial income decreased 34.21% because interest expenses decreased.
Items
Unit
Quarter 1.2012
Quarter 1.2013
+/- Change
% Change
1. Electric production:
286.84
170.78
(116.06)
(40.46)
- Production
Million Kwh
99.50
59.96
(39.54)
(39.74)
- Revenue
Billion dongs
49.60
34.78
(14.82)
(29.88)
- Expenses
49.89
25.18
(24.71)
(49.53)
- Profit
-
2. Financial items
19.62
12.91
(6.71)
(34.21)
- Financial incomes
1.77
1.80
0.03
1.47
- Financial expenses
17.85
11.11
(6.74)
(37.76)
3. Others
0.04
- Other revenue
0.01
(0.01)
- Other expenses
0.05
- Other profit
67.73
36.33
(31.40)
(46.36)
4. Total profit before tax
65.73
35.34
(30.39)
(46.23)
5. Total profit after tax
- Profit after tax in Quarter 1.2013 decreased 30.39 billion dongs (-46.23%) compared with profit after tax in Quarter 1.2012 because the reason as following:
+ Electric production in Quarter 1.2013 decreased (-40.46%) compared with in Quarter 1.2012 because of central drought.
+ Revenue from electric production decreased (39.74%) because the company has not signed electricity sales contact with Vietnam Electricity.
+ Financial income decreased 34.21% because interest expenses decreased.
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