Thursday, 17/03/2011 17:27

KDH: Explanation for business result in Quarter 4/2010

Khang Dien House Trading and Investment Joint Stock Company (Khadihouse) (HOSE: KDH) has explained business result in Quarter 4/2010as follows:

- In Quarter 4/2009, Khadihouse just sold some products of Topia Garden. Thus, sales and profit in Quarter 4/2009 were not high.

- In Quarter 4/2010, Khadihouse’s sales and profit increased compared to the same period of 2009 thanks to the following activities:

+ Eastern Area Real Estate and Investment JSC (Khadihouse holds 54.5% of the share capital of + Eastern Area Real Estate and Investment JSC) sold about 10% of Villa Park project.

+ Green Space Real Estate and Investment JSC (Khadihouse holds 99% of the owner’s capital of + Green Space Real Estate and Investment JSC) sold 20% of Goldora Villa project.

+ Financial investment activities of Doan Nguyen House Trading and Investment JSC (Khadihouse holds 98% of the owner’s capital of Doan Nguyen House Trading and Investment JSC).

+ Real estate consulting services and management consulting services of Khadihouse.

Detailed information on profit in Quarter 4/2009 and Quarter 4/2010:

 

 

Unit: Thousand dongs 

Note

Quarter 4/2010

Quarter 4/2009

Difference

Growth ratio

Revenue from sales and services

 239,754,043 

 57,360,214 

182,393,829 

317.90%

Net revenue from sales and services

239,754,043 

   55,321,759 

 184,432,284 

333.40%

Net profit  

87,586,450 

   30,019,595 

   57,566,855 

191.80%

Total profit before tax 

81,565,919 

   29,464,173 

    52,101,746 

176.80%

Profit after tax     52,769,863    21,093,527 

 31,676,336 

150.20%

hose 

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