Wednesday, 03/08/2011 18:05

NIS: QII-2011 Operating results explanation

Network Infrastructure Services JSC (HNX: NIS) to announce  its operating results explanation in QII–2011 as follows:

- Company’s name: Network Infrastructure Services JSC

- Stock code: NIS

- Head office: 9thFloor, D building, Sport Hotel, Hacinco student village, Thanh Xuan, Hanoi

- Phone number: 04.37854291; Fax: 04.37854265

- Network Infrastructure Services JSC explained the increase in operating result in QII-2011 as follows:

+ Profit after tax in Quarter II-2010: VND 931,472,413

+ Profit after tax in Quarter II-2011: VND 131,992,268

+ Change between Quarter II-2011 and Quarter II-2010: decreased by VND 799,480,145 (86%)

The main reasons leading the change in profit include:

- Interest expenses of Banks, credit institutions increased

- Expenses for annual maintenance, unexpected repair of BTS station increased, price of replaceable materials increased

- Administration expense increased because inflation rose sharply.

HNX

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