SD9: Business operational explanation
According to the Financial Statement QIII/2011, the profit after tax decreased over 52% in compare to QIII/2010 and the profit after tax of accumulated of first 9 months of 2011 decreased 52% compared with the same period of 2010. Song Da No.9 JSC (HNX: SD9) explained the decrease in operating result in QIII/ 2011 as follows:
- In first 9 months of 2011, the investment reclaim was slow, beside of high rate of banking interest that caused borrow expenses increase;
- There are no tax-deductible in 2011;
- The profit from associates decreased.
HNX
> SDU: Board Resolution (16/11/2011)
> VNM export turnover reaches $106 mln (11/11/2011)
> HSBC: Profit before tax of US$18.6bn for the first nine months (11/11/2011)
> DPM: FY11 promises best year in the making (11/11/2011)
> HVG: Explanation for business result in QIII/2011 (10/11/2011)
> DIC: Explanation for business result in QIII/2011 (11/11/2011)
> DIC: Explanation for business result in QIII/2011 (2nd) (11/11/2011)
> MNC: Business Operational Explanation (11/11/2011)
> KST: Business Operational Explanation (16/11/2011)
> NST: Business Operational Explanation (16/11/2011)