NVN: Explanation for business result in Quarter 2/2010
House Viet Nam Joint Stock Company explained the fluctuation in revenue in Quarter 2/2010 compared with Quarter 2/2009:
Unit: VND
No.
Item
Quarter 2/2009
Quarter 2/2010
1
Revenue
12,727,273
69,712,649,137
2
Profit after tax
(6,823,152,427)
29,247,605,659
Reason:
In 2009, the Company was building infrastructure of project The Boat Club Residences and not recorded revenue in Quarter 2/2009. Until June 2010, the Company transferred some house foundations to customers and recorded revenue in Quarter 2/2010. Therefore, revenue in Quarter 2/2010 was higher than Quarter 2/2009.
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