SD8: Explanation for negative profit in 2009

Song Da 8 JSC explained the negative profits in 2009 as follows:

- In the early year 2009, the company was lack of employment as Tuyen Quang hydro power, Ha Long cement projects ended, other projects such as Huoi Quang, Nam Cong, Pac Khuay hydro power projects postponed execution due to budget deficiency by the investors. Execution in  Nam Chien hydro power project was in early of main stage with high cost for moving workers and preparation plus with difficulty in settlement and payment. For these reasons, output in 2009 was VND 140.9 bil/VND 192 bil. of the plan, revenue was VND 128.5 bil/ VND 200.4 bil of the plan, while bank interest cost was VND 12,4 bil. (9.65% of revenue), adminstrative costs accounted for 10.43% of revenue.

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