Friday, 13/11/2009 18:28

LGC: Explanation for Q3/2009 business result

LuGia Mechanical Electric Joint Stock Company (LGC) explained the difference in the Consolidated Financial Statements between Quarter 3/2009 and Quarter 2/2009:

Total profit after tax in Quarter 3/2009 gained VND11,845,716,761, increasing 23.85% compared to Quarter 2/2009. Reason: in Quarter 3/2009 the Company’s business operations and executing the public-lighting system have been stable, and the progress of collecting money from the clients who buy apartments in Quarter 3/2009 was higher than Quarter 2/2009, so the revenue from selling apartments in Quarter 3 was up, making total revenue and profit in Quarter 3/2009 increase.         

hose

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