FPC: Explanation for business results in quarter 3/2010
Full Power Joint Stock Company (HoSE: FPC) has explained revenue in quarter 3/2010 decreased 87% beside quarter 3/2009 because:
* There was not new contract and incomplete contracts were finished.
* The company has liquidated redundant assets and reduced production.
* The company was affected from last period: The company cancelled invoice No. 0095922 issued on September 15, 2008 worth 13,068,000,000 dongs of contract No. DGAW07A01 and the cancel was equivalent to revenue decreased 11,880,000,000 dongs in quarter 3/2010 because there was a change of personnel and a mistake in the change.
* The loss was by interest expenses, general and administrative expenses and depreciation expenses.
hose
> HBC: Accepted for a bid in project of Thao Loan Plaza (19/11/2010)
> PNC: Explanation for business results in quarter 3/2010 (19/11/2010)
> VRC: Approved for a project (19/11/2010)
> GMC: Explanation for business differences in quarter 3/2010 (19/11/2010)
> HAS: Explanation for financial statements of quarter 3/2010 (19/11/2010)
> IJC: Explanation for business results in quarter 3/2010 (19/11/2010)
> STG: Explanation for business results in quarter 3/2010 (19/11/2010)
> VNE: Explanation for a late adjustment in audited FS of H1/2010 (19/11/2010)
> VST: Explanation for consolidated business results in quarter 3/2010 (19/11/2010)
> BHC: Correction of some figures in financial statement (18/11/2010)