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VTO: Explanation for business result in Q2.2014 According to the consolidated financial statements, Viet Nam Tanker Joint Stock Company (VITACO) explained fluctuation in business results between Quarter 2/2014 and Quarter 2/2013 as follows:
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By:
VND
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Item
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Quarter II/2013
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Quarter II/2014
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Difference
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+/-
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%
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Revenue
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435,019,471,728
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378,138,639,389
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-56,880,832,339
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-13.07%
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Profit after tax
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23,309,317,461
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16,681,092,301
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-6,628,225,160
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-28.43%
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-
Compared to Quarter 2/2013,
revenue in Quarter 2/2014 decreased more than VND56 billion, or 13.07%, mainly
because in 2014 the Company changed vessel business operations, transferred the
entire fleet to the form of fixed-term lease, and income from petrol business
also decreased. -
Profit after tax in Quarter
2/2014 was nearly VND17 billion, decreasing more than VND06 billion compared to
Quarter 2/2013, mainly because in Quarter 2/2013 the Company sold the ship
Petrolimex04.
HOSE
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