Wednesday, 28/08/2013 11:57

PGT: Explanation for difference in profit QII.2013


(07/25/2013) Saigon Petrolimex Gas Taxi JSC explained the difference in profit QII.2013 year on year as follows:

Differences:

Profit after tax QII.2012: VND 1,622,971,099

Profit after tax QII.2013: VND -3,844,381,242

Reasons:

The backlog of bad debts is from 2011, which the Company implemented many measures to collect the most actively, however, the bad debt recovery was not significant. Such, the Company had to deduct a provision for the bad debts equal to VND 4,548,576,578 while the operating result QII.2013 was VND 704,195,336, which led to the profit after tax QII.2013 of VND -3,844,381,242

 

 

HNX

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