STP: QII/2011 Operation explanation
According to the Financial Statement QII/2011 (Consolidated) of Song Da Industry Trade JSC (HNX: STP), Profit before tax is VND 12,077,934,581 with a decrease of VND 7,654,629,153 compared to QII/2010
Song Da Industry Trade JSC explained the decrease in operating result in QII/2011 as follows:
- In 2010, the company enjoyed tax preference. In 2011, the company no longer enjoy tax preference
- In 2010, Profit from Short-term investments is VND8,518,755,157. In 2011, the securities market decreased sharply, Allowance for short-term securities investment is VND4,292,186,040 and loss from securities investment is VND 700,117,077
- Stone Quarrying Project in Luong Son is in the investment period, and has not yielded Profit yet.
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