BVG: Explanation for the operation results in Quarter II/2013

On 17/09/2013, Bacviet Steel Joint Stock Company explained the operation results in Quarter II/2013 as follows:
- The operation result in the financial statement of Holding Company is loss in amount of VND 551,616,433 because the gross profit from sale and services supply in Quarter II/2013 is loss in amount of VND 1,501,401,263. Moreover, the borrowing interest and management expense increase the loss from the operation to VND 4 billion although the Company has liquidated some assets and obtained VND 3.6 billion. This leads to the loss after tax of VND 551,616,433.
- The operation results in consolidated financial statement of Quarter II/2013, the profit after tax is loss in amount of VND 176,071,079, however, after deducting the loss in amount of VND 430,651,357 in the profit of the minority shareholders of Bac Viet Technology Joint Stock Company (the subsidiary of Bac Viet Steel Joint Stock Company), the profit belongs to Holding Company in Quarter 2013 is VND 254,582,278.

HNX

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