Tuesday, 13/08/2013 21:22

PHS: Explanation for negative profit after tax


PHS: Explanation for negative profit after tax

 

(27/02/2013) Phu Hung Securities Corporation explained negative profit after tax in two consecutive years 2011 and 2012 as follows:

 

-       Economic recession affecting securities market

-       In 2012, 27% increase in allowance for receivables, equivalent to total expenses of the year.

HNX

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