C21: Explanation for business results in Q3/2011

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VietStock FI English - 35 month(s) ago 1 readings

Century 21 JSC (HOSE: C21) has announced explanation for business result in QIII/2011 as follows:

Unit: million dongs

Items

QIII/2011

QIII/2010

Difference

Rate

Net revenue

6,333,462,338

7,297,324,382

(963,962,044)

(13%)

Gross profit

2,713,748,323

7,806,547,186

(5,092,798,863)

(65%)

Financial expenses

4,734,882,874

11,105,830,088

(6,370,947,214)

(57%)

Interest expenses

1.183.720.719

851.457.522

332.263.197

39%

Profit after tax

3.551.162.155

10.254.372.566

(6,703,210,411)

(65%)

- Net revenue in QIII/2011 decreased 13% compared to QIII/2010 because revenue from selling of ground down.

- Financial income in QIII/2011 decreased 65% compared to QIII/2010 because In QIII/2010 the company received interest from the subsidiary was VND7,700,000,000, interest from bank deposit in QIII/2011 increased VND1,535,929,453 compared to QIII/2010.

- Corporate income tax expenses in QIII/2011 increased 39% compared to QIII/2010 because the company received interest from the subsidiary.

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