PVX: Explanation for lower profit after tax in consolidated financial statement QIV.2012 compared to Quarter IV.2011
(22/02/2013) Petrovietnam Construction Joint Stock Corporation explained lower profit after tax in consolidated financial statement Quarter IV.2012 compared to Quarter IV.2011 as follows:
Items
Amount in 2012 (VND)
Amount in 2011 (VND)
Profit compared to 2011
Profit after tax in financial statement Quarter IV
(-)669.46 billion
(-)202.55 billion
Decrease
Profit after tax in financial statement
(-)1,520.53 billion
97.25 billion
Reasons for the difference:
- Some in-progress projects of the company were not in payment due, some projects did not meet schedules as planned, some projects were loosing schedules as the Resolution no 11 of the Government, leading to the reduction in income, profit. Cost of goods sold/turnover in 2011: 89.1%, in 2012: 99.2%.
- Some member of the company met difficulties in real estate business in consumption, capital mobilization to continue implementing investment projects.
HNX
> TKU: Explanation for higher profit after tax in financial statement QIV.2012 compared to Quarter IV.2011 (11/06/2013)
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> HLY: Explanation for negative profit in audited Financial Statement 2012 (11/06/2013)
> MCO: Financial Statement Quarter 1/2013 (11/06/2013)
> DPR: Explanation for business result in QI.2013 (Parent company) (11/06/2013)
> BTP: Resolution of AGM 2013 (11/06/2013)
> PPP: Notice of record date for Annual General Meeting of Shareholders 2013 (10/06/2013)
> SJE: Time and Place for Annual General Meeting of Shareholders 2013 (10/06/2013)
> SIC: Report on use of proceeds (10/06/2013)