SDB: Explanation for the change of over 10% in operating result in QIV/2011

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VietStock FI English - 74 month(s) ago 8 readings

According to the Financial Statement Quarter IV/2011, profit after tax decreased over 10% in compare to Quarter III/2010. Song Da 207 JSC explained the decrease in operating result in QIII/ 2011 as follows:

The profit after tax of QIV/2011 is VND -16,988,566,989 with a decrease of 677.83% compared to QIV/2010 (VND 2,940,068,088). This because:

- Gross goods sale decreased to 73.69% due to the delaying of liquidation and investment reclaim;

- Financial expenses increased to 217.67% with high rate of banking interest and ineffective investment into real-estates.

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