HBS: QII/2011 Operation results explanation
Hoa Binh Securities JSC (HNX: HBS) explained the decrease in operating result in QII/ 2011 as follows:
Because of unfavorable stock market, HBS was affected in Quarter II/2011. To preserve capital, HBS decreased investment portfolio of securities dealing so revenue from securities dealing reduced.
Therefore, profit of Quarter II/2011 of the Company decreased year on year:
Targets |
Quarter II/2011 |
Quarter II/2010 |
Revenue-Revenue from securities dealing |
VND 8,208,853,361 |
VND 19,588,342,360 |
Expenses
-Operating expenses
-General and administration expense |
VND 2,845,661,993
VND 9,442,501,029 |
VND 5,376,731,633
VND 8,902,182,514 |
Profit |
VND 839,883,346 |
VND 10,996,753,551 |
HNX
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