BVH: Explanation for business result in quarter 2.2013
Baoviet Holdings has explained the difference in profit after tax between quarter 2/2013 and quarter 2/2012:
By: million dongs
Item Quarter 2/2013 Quarter 2/2012 Difference 6 months of 2013 6 months of 2012 Difference Profit after tax of parent companr 259,910 223,446 +16.32% 598,473 589,057 +1.60% Consolidated profit after tax 244,731 301,373 -18.79% 552,813 745,148 -25.81% - Financial statements of parent company: profit after tax in Quarter 2.2013 by increased 16.32% compared to the same period of last year because thanks to the recovery of the financial market. BVH recover provision for financial investment while it had to set aside additional provision for financial investment in the period of 2012. - Consolidated financial statements: profit after tax in Quarter 2.2013 was 74.19%, decreasing 18.79% compared to the same period of last year. - Profit after tax in the first 06 months of 2013 was 74.19%, decreasing 25.81% compared to the same period of last year. 2013 was difficult for the economic, affecting all operation of every business. BVH’s subsidiaries in insurance sector also saw decline in business results. - Business results for the first six months of 2013 before & after review as follows: By: million dongs
Item
Quarter 2/2013
Quarter 2/2012
Difference
6 months of 2013
6 months of 2012
Profit after tax of parent companr
259,910
223,446
+16.32%
598,473
589,057
+1.60%
Consolidated profit after tax
244,731
301,373
-18.79%
552,813
745,148
-25.81%
- Financial statements of parent company: profit after tax in Quarter 2.2013 by increased 16.32% compared to the same period of last year because thanks to the recovery of the financial market. BVH recover provision for financial investment while it had to set aside additional provision for financial investment in the period of 2012.
- Consolidated financial statements: profit after tax in Quarter 2.2013 was 74.19%, decreasing 18.79% compared to the same period of last year.
- Profit after tax in the first 06 months of 2013 was 74.19%, decreasing 25.81% compared to the same period of last year. 2013 was difficult for the economic, affecting all operation of every business. BVH’s subsidiaries in insurance sector also saw decline in business results.
- Business results for the first six months of 2013 before & after review as follows:
Quarter 2/2013 6 months of 2013 Before review After review Different Before review After review Different Revenue from bank -150,962 8,843 +159,805 -91,639 68,166 159,805 Profit before tax 154,830 314,635 +159,805 574,959 734,764 159,805 Reason: - Provision for credit risk of Bao Viet Bank (subsidiary of BVH) was adjusted.
Before review
After review
Different
Revenue from bank
-150,962
8,843
+159,805
-91,639
68,166
159,805
Profit before tax
154,830
314,635
574,959
734,764
Reason:
- Provision for credit risk of Bao Viet Bank (subsidiary of BVH) was adjusted.
HOSE
> SDT: Reviewed financial statement 2013 (03/09/2013)
> S96: Financial Statement Quarter 2/2013 (03/09/2013)
> SCR: Reviewed financial statement 2013 (holding company) (03/09/2013)
> TV2: Notice of record date for Extraordinary General Meeting of Shareholders 2013 (03/09/2013)
> SJ1: Time and Place for Extraordinary General Meeting of Shareholders 2013 (03/09/2013)
> SDC: Reviewed financial statement 2013 (03/09/2013)
> MCO: Reviewed financial statement 2013 (03/09/2013)
> SCR: Reviewed financial statement 2013 (03/09/2013)
> KST: Reviewed financial statement 2013 (03/09/2013)
> TSM: Reviewed financial statement 2013 (03/09/2013)
