MEC: QII/2011 business explanation
Song Da Someco JSC (HNX: MEC) explained change of over 10% in consolidated operating result in QII/ 2011 as follows:
No.
Targets
QII/2011
QII/2010
Difference
Change
1
Revenue
115.289.865
154.871.344
-39.581.479
74,442 %
2
Profit
-649.979
9.379.498
-10.029.477
-6,929%
- Revenue decreased because of characteristics of building field. Some projects have been built in QII/2011 with settlement to come in the future
- Profit decreased because the State‘s policy on tightening credit made interest expenses increase in the first 6 months of 2011.
HNX
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