Tuesday, 06/09/2011 22:38

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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