Tuesday, 09/08/2011 18:21

REE: Explanation for business result in Quarter 2/2011

Refrigeration Electrical Engineering Corporation (HOSE: REE) explained business performance in Quarter 2/2011:

Unit: VND

QII-2010

QII-2011

Difference

Net revenue

179,827,323,512

120,422,997,369

-59,404,326,143

Profit before tax

82,344,518,862

54,952,723,893

-27,391,794,969

In Quarter 2/2011, net revenue was VND120.42 billion, decreasing by 33.03% from the same period last year, mainly because the Company completed electrical engineering works

Profit before tax in Quarter 2/2011 was VND54.95 billion, decreasing by 33.26% from the same period last year because the financial revenue was down.

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