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

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VietStock FI English - 49 month(s) ago 2 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.

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