D11: QII/2011 Operation results explanation
According to the Financial Statement Quarter II/2011, profit after tax decreased by VND 12,529,373,543 equaling to 77.15% year on year. Real Estate 11 JSC (HNX: D11) explained the decrease in operating result in QII/ 2011 as follows:
Target
Quarter II/2010
Quarter II/2011
Gross sales of merchandise and services
VND 46,539,902,591
VND 24,707,870,208
Profit after tax
VND 16,239,298,678
VND 3,709,925,135
The reason for the decrease is that revenue from financial activities in Quarter II/2010 was high so profit increased. In Quarter II/2011, main revenue was from building activities so profit was low.
HNX
> PCG: Board Resolution on establishment of branch and 02 places for business in Vung Tau (12/08/2011)
> PVC: Establishment of branch in Hochiminh City (12/08/2011)
> PVA: QII-2011 Operation results explanation (12/08/2011)
> PVX: QII-2011 Operation results explanation (12/08/2011)
> SDG: QII/2011 Operation results explanation (12/08/2011)
> SBS: Branch operation shutdown (12/08/2011)
> RDP: Explanation for business result in QII/2011 (12/08/2011)
> VNI: The BOD’s resolution of buying back shares (12/08/2011)
> CMX: Extension of the submission date for QII/2011 financial statements (12/08/2011)