SDE: QII-2011 operating explaination
According to the Financial Statement QII-2011, profit after tax is VND 872,233,244 with an decrease of VND 89,969,441 (10.31%) compared to QII-2010 (VND 962,202,685). Song Da Electrical Engineering JSC (HNX: SDE) explained the decrease in operating results in QII/2011 as follows:
- The increase of banking interest caused the increase of financial expenses from VND 476,826,382 to VND 1,035,250,710
- In general, the market economy was in difficult time. Therefore, the Company’s gross sale and merchandise service is VND 11,242,931,954 with an decrease of VND 735,356,455 compared to QII/2010 (11,978,288,409.)
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