MEC: Business operational explanation
Song Da Someco JSC (HNX: MEC) explained change of over 10% in consolidated operating result in QIII/ 2011 as follows:
No.
Targets
Quarter III/2011
Quarter III/2010
Difference
Change
1
Revenue
114,088,813
50,883,303
63,205,510
124,2%
2
Profit
4,325,469
4,625,894
-300,425
-6,5%
- Revenue in QIII.2011 increased by 124.2% year on year because some completed items of big projects such as Xekaman3, Nam Chien hydroelectric power were settled in QIII.2011.
- Due to credit tightening policy of the State, borrowing interest increased which made financial expenses rise. Therefore, operating profit in QIII.2011 decreased.
hnx
> INC: Business operational explanation (08/11/2011)
> HLY: Business operational explanation (08/11/2011)
> SKS: Business operational explanation (08/11/2011)
> PVG: Business operational explanation (08/11/2011)
> TPP: Board Resolution on share transfer (08/11/2011)
> ICF: Explanation for business result in QIII/2011 (07/11/2011)
> PTC: Explanation for business result in QIII/2011 (07/11/2011)
> SBA: Explanation for business results in QIII/2011 (07/11/2011)
> SBT: Explanation for business result in QIII/2011 (07/11/2011)
> SFC: Explanation for business result in QIII/2011 (07/11/2011)
