V15: QII-2011 Operating results explaination

According to the Financial Statement Quarter II/2011, profit after tax is VND 523,363,210 with a decrease of VND 10,800,487,153 (95%) compared to Quarter II/2010. Vietnam Construction JSC No.15 (HNX: V15) explained the decrease in operating result in QII-2011 as follows:

In 2011, inflation has increased highly, price of all materials rise sharply including iron, steel, cement, brick… leading to increase in input expenses. Besides, banks have tightened credit and increased interests which restricted capital for business. Simultaneously, real estate market has frozen and has no signal of recovery. Those reasons made revenue as well as profit of the Company decrease sharply compared to QII-2010.

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>   QST: QII- 2011 Operating results explanation (03/08/2011)

>   ICG: QII - 2011 Operating results explanation (03/08/2011)

>   PVI: Board Resolution (03/08/2011)

>   MEC:  QII - 2011 Operating results explanation (03/08/2011)

>   SGD: QII - 2011 Operating results explanation (03/08/2011)

>   LHC: QII-2011 Operating results explanation (03/08/2011)

>   NIS: QII-2011 Operating results explanation (03/08/2011)

>   TRC: Explanation for profit in QII/2011 (03/08/2011)

>   MHC: Explanation for business result in QII/2011 (03/08/2011)

>   MCP: Explanation for business result in QII.2011 (03/08/2011)