SD8: Explanation for the change of over 10% in operating result in QII/2011
According to the Financial Statement Quarter II/2011, profit after tax is VND million 510 with an increase of 144%compared to Quarter II/2010. Song Đa 8 JSC (HNX: SD8) explained the increase in operating result in QII/2011 as follows:
Unit: VND million
Description
QII/2011
QII/2010
% change
Net income
106,536
91,417
16
Other profit
769
Profit after income tax
510
209
144
- The increase of net income is Tuyen Quang Hydroelectricity in 2004 has completed liquidation;
- Profit after tax increases because the liquidation of unvalued assets.
HNX
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