DCC: Explanation for business activities of quarter 3/2008
DESCON Construction Corporation (DCC) explained its business activities in quarter 3/2008 as follows:
Items
Plan of 2008
Realized in quarter 3/2008
Realized in 9 months of 2008
Realized in 9 months against plan of 2008
Realized in 9 months against 9 months of 2007
1. Contract amount
500,000
311,150
641,860
128.37%
183.90%
2. Revenue
446,600
112,957
284,041
63.60%
129.12%
3. Profit after tax
26,322
1,532
11,133
42.30%
117.46%
• Revenue of first 9 months of 2008 accounted for 63.8% of the year’s plan and 129% on the same period of last year.
• Profit after tax of first 9 months of 2008 is equal to 43.3% of the year’s plan and 117% on the same period of last year.
• Profit after tax of first 9 months has not yet meet the year’s target because the company set aside 8,572 million dongs as provision for devaluation of securities investment, by which the expenses for financing activities increased, wherease profit after tax decreased concurently.
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