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MCV: Explanation for business result in QIII/2011
Cavico Vietnam Mining and Construction JSC (HOSE: MCV) has explained business result in QIII/2011 beside QIII/2010 as follows:
- Revenue of QIII/2010: VND37,554 billion
- Revenue of QIII/2011: VND34,027 billion
- Decreased: 9.39%
+ Cost of goods sold in QIII/2010: VNDVND33,934 billion
+ Cost of goods sold in QIII/2011: VND35,150 billion
- Increased: 3.58%
- Consolidated Profit loss: -VND3,228 billion
+ Profit after tax of the parent company in QIII/2011 by VND704 billion, the loss of subsidiary company – Cavico Quang Ninh Mining Co. by VND1,676 billion, cost of goods sold VND5,241 billion, profit loss –VND3,932 billion, consolidated profit loss -VND3,228 billion.
+ High costs of goods sold and interest expenses in the period.
HOSE
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