MEC: QII - 2011 Operating results explanation
Song Da Someco JSC (HNX: MEC) explained the decrease in operating result in QII/ 2011 as follows:
No.
Items
Quarter II/2011
Quarter II/2010
Difference
Change
1
Revenue
108,238,164
154,871,344
-46,633,180
69,88%
2
Profit
-208,725
9,379,498
-9,588,223
-2,22
- Revenue decreased because of characteristics of building field. Some projects have been built in Quarter II/2011, with settlement to come in the future
- Profit decreased because the State ‘s policy on tightening credit made interest increase in the first 6 months of 2011.
HNX
> SGD: QII - 2011 Operating results explanation (03/08/2011)
> LHC: QII-2011 Operating results explanation (03/08/2011)
> NIS: QII-2011 Operating results explanation (03/08/2011)
> TRC: Explanation for profit in QII/2011 (03/08/2011)
> MHC: Explanation for business result in QII/2011 (03/08/2011)
> MCP: Explanation for business result in QII.2011 (03/08/2011)
> GMD: Explanation for business result in 6 months of 2011 (03/08/2011)
> DMC: Resolution of the BOD (03/08/2011)
> CTG: Vietinbank sets up a branch in Germany (03/08/2011)
> DLG: Explanation for business result in QII.2011 (03/08/2011)
