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SHN: QII-2011 Operating Explaination
According to the Financial Statement QII-2011 of Hanoi Investment General
|
Items |
QII-2011 |
QII-2010 |
Difference |
|
Amount |
% |
|
Total revenue |
146,053,169,742 |
70,865,109,804 |
75,188,059,938 |
106% |
|
Total expenses |
127,912,216,098 |
41,192,015,274 |
86,720,200,824 |
210% |
|
Profit before tax |
18,140,953,644 |
29,673,094,530 |
-11,532,140,886 |
-38.86% |
|
Profit after tax |
14,507,506,291 |
22,261,269,343 |
-7,753,763,052 |
-34.83% |
Corporation, the operating results of the company as follows:
Profit after tax in QII-2011 is VND 14,507,506,291 with a decrease of VND 7,753,763,052 (34.83%) compared to QII-2010. Hanoi Investment General Corporation explained the decrease in profit after tax in QII-2011 as follows:
- Interest expenses in QII-2011 increased by 563% compared to QII-2010, because average loan balance in QII-2011 increased by 141% compared to QII-2010 and interest rate increased from 14% per year to 25% per year
- Securities investment expenses in QII-2011 increased by 34.5% compared to QII-2010
- Deduction from investment property.
HNX
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