According to the Financial Statement Quarter IV/2011, profit after tax of Quarter IV/2011 decreased more than 10% year on year. Vinaconex Xuan Mai Concrete & Construction JSC explained the decrease in operating result in Quarter IV/2011 as follows:
- Profit after tax is VND -373,365,819 with a decrease of VND 5,432,593,614 (107.4%) compared to QIV.2010 (VND 5,059,740,288).
- Input materials increased sharply year on year.
- High interest of bank loans made the financial expenses increase.