PIT: Explanation for difference in consolidated FS of H2/2010

Read the original news 

VietStock FI English - 88 month(s) ago 8 readings

Petrolimex International Trading Joint Stock Company (HoSE: PIT) has explained business result between of 09 months 2010 and the statement of 09 months 2009 as follows:

* Profit before tax in 09 months 2009: VND10,424,206,392

* Profit before tax in 09 months 2010: VND17,009,272,927

* Decreasing: 6.585 million (Equivalents 63.17%)

* Reason:

+ Gross profit increased 52.320 million because the company increased revenue and decreased cost of goods sold

+ Financial incomes decreased 5.451 million, financial expenses increased 22,861 miliion because the company was not assisted in bank interest.

+ Selling expenses increased 6.736 million, general and administrative increased 10.671 million because sales increased and other incomes decreased 16 million.

There is no comment

Please Sign up or Login to comment.

Top page