POM: Swings to VND33BLn Net Loss in Q1/2012

The HOSE-listed company generated net revenue of VND1.45 trillion in the quarter, compared to VND1.6 trillion over the same period of last year.

Financial income fell 45.8% on year to VND9.3 billion during the quarter while financial expenses decreased 79.4% on year to VND34.3 billion in the period.

Selling expenses increased 75.7% on year to VND9 billion while general and administrative expenses fell 63.1% on year to VND4.4 billion in the quarter.

The holding company had total assets of VND6 trillion at the end of the year, against VND5.7 trillion at the beginning of the year.