MCV: Explanation for business result in quarter 3/2010
Cavico Vietnam Mining and Construction Joint Stock Company (CVCM., JSC) (HOSE: MCV) has explained business result in quarter 3/2010 beside quarter 3/2009 as follows:
• Revenue of quarter 3/2010: 37,554,682,212 dongs
• Revenue of quarter 3/2009: 46,603,952,314 dongs
• Decreased: 9,049,270,102 dongs (19.417%)
• Profit of quarter 3/2010: 1,580,313,809 dongs
• Profit of quarter 3/2009: 2,418,773,161 dongs
• Decreased: 838,459,352 dongs (34.66%)
Revenue and profit of the company decreased in quarter 3/2010 because the revenue from Nui Beo Project decreased and the contract of the project was in the last term (2006-2010). The company has negotiated the contract in term 2011-2015.
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