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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